A regional owner and operator purchased the Hampton Inn Corpus Christi from American Hotel Income Properties. Other terms and conditions were not disclosed. Hunter Hotel Advisors' Kami Burnette, senior vice president, and Mason McDavid, vice president, represented the seller.
Located on the Gulf Coast of south Texas, Corpus Christi has a number of notable corporate hubs including Kiewit Offshore Services, Tesla Lithium Factory and Cheniere Energy LNG Facility Expansion. The Port of Corpus Christi, the largest in the Unites States, supports more than 98,000 jobs and contributes an estimated $13.4 billion to the economy. Popular destinations such as Padre Island National Seashore, the USS Lexington Museum and Texas A&M University-Corpus Christi drive significant travel demand.
“AHIP continues to successfully execute on its strategic disposition program,” Aren Dhadwal, director of capital markets and investments, said in a statement. “We appreciate the efforts of the buyer, our partners and the Hunter team on this transaction. We had a great experience working with Kami and Mason.”
The 101-key Hampton Inn & Suites Corpus Christi has a 24/7 fitness center and an outdoor pool.
“The local buyer plans to renovate the hotel to improve positioning within the comp set and maximize efficiency through economies of scale from his other hotels in the market,” added Burnette.