123 Huvar St Victoria, TX 77904-1557
Property profile & analytics
123 Huvar St, Victoria, TX 77904-1557
- Hotels
- 90,876 SF
- 3.38 lot acres
Property ID
US82-6295807
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Hilton Garden Inn Victoria / Hotel & Motel
Property Details for 123 Huvar St
- Year built
- 2012
- Construction
- FRAME
- Lot size
- 3.38 lot acres
- Property type
- Hotels
- APN
- 17216-001-00100
- APU
- 1721600100100
Description
This 118-key Hilton Garden Inn in Victoria, Texas, presents a compelling investment opportunity. Built in 2013 and recently renovated in 2024, this four-story, 90,876 square foot hotel sits on a 3.4-acre lot. Boasting the largest meeting space (7,004 sq ft) in its submarket, including a resort-style pool and swim-up bar, it caters to both leisure and corporate travelers. The property enjoys a prime location near major highways, the Victoria Regional Airport, and significant regional employers. Financial performance has been strong, with trailing twelve-month (TTM) June 2024 gross operating profit (GOP) at 39.4% and net operating income (NOI) of approximately $1,162,000. Rooms revenue reached a record high of $3,871,000 in the same period, showing a 19.5% year-over-year increase (YTD July 2024). The hotel consistently outperforms the market, with an average RevPAR penetration index of 120.2% from 2021-2023. The Garden Grille & Bar added over $520,000 in revenue in 2023. A hands-on operator can further enhance profitability, targeting a stabilized GOP margin of 44-48%. The asking price is $13,900,000, representing $152.96 per square foot. The current occupancy rate is 72.4%. A new long-term franchise agreement with Hilton is anticipated upon acquisition. The property is offered free and clear of management encumbrances. The recent $1.3 million renovation minimizes any future property improvement plan (PIP) requirements. This represents a rare opportunity to acquire a high-performing, well-located hotel asset with significant upside potential. The property's APN is 20374344.
Value Estimations
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $2,505,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Victoria
- County
- Victoria
- State
- Texas
- Longitude
- -96.9941
- Latitude
- 28.86
- CBSA code
- 47020
- CBSA name
- VICTORIA, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$117,180
$442,220
$5,759,437
$6,201,657
-
$442,220
$5,759,437
$6,201,657
