NewGen Advisory is pleased to present for sale the OYO Hotel (McAllen Airport South) in McAllen, TX. This two-story, exterior corridor property offers convenience for airport travelers and provides WiFi and an outdoor pool.
RevPAR in the McAllen market for economy hotels is $55, leaving upside for a new owner. The OYO Hotel (McAllen Airport South) property is perfect for an owner-operator; the current owners have complete control over the management, operations, and strategic decisions, allowing for quick adaptations to market changes and guest needs.
McAllen has developed from a farming community to a visitor’s delight. Known for its mild winter weather, tropical breezes, brightly colored birds, and low cost of living, it’s also a shopping mecca drawing millions of visitors annually to its many shopping districts. Today, McAllen is one of the fastest growing cities in America. The city and surrounding areas have a population of 780,000. Within 60 miles is a total population of nearly 2.5 million. Drive 150 miles from McAllen and the population jumps to 10 million.