HOUSTON, TX, January 15, 2025: HVS Brokerage & Advisory announces the sale of the 50-key Alister Square Inn, located at 122 South Alister Street, Port Aransas, Texas 78373.
The property, built in 1997, was purchased by Bhavani Investments, LP, based in Corpus Christi, Texas, from Alister Square Inn, Ltd., based in Port Aransas, Texas.
Charles Crawford Sr., President of Alister Square Inn, Ltd., commented, “The HVS Brokerage team demonstrated exceptional expertise in market trends, property valuation, and strategic pricing. They conducted a comprehensive marketing campaign, securing a qualified buyer within weeks of going live. Their commitment to delivering outstanding communication and guidance was evident at every step, ensuring a seamless and efficient transaction process. We couldn’t be more pleased with their professionalism and dedication to achieving excellent results.”
The property benefits from its prime location in Port Aransas, near a multitude of leisure and corporate demand generators. The hotel is within walking distance of the beaches along the Gulf of Mexico, ideal for leisure travelers. Other key leisure demand generators include the Port Aransas Museum, Leonabelle Turnbull Birding Center, Red Dragon Pirate Cruises, Port Aransas Fishing Pier, Dolphin Dock Charters, Port Aransas Ferry Landing, WWII Gun Mounts, and Roberts Point Park. The Port Aransas economy is further bolstered by the oil and gas (O&G), petrochemical, and manufacturing industries of the nearby Corpus Christi market. In recent years, Port Aransas has targeted certain industries, such as renewable energy, aviation, marine, medical, and information technology, as future driving forces of its economy.
“Leveraging our in-depth local knowledge alongside a comprehensive marketing strategy played a crucial role in connecting with a local buyer eager to expand his hotel portfolio through the acquisition of the Alister Square Inn Port Aransas. During the marketing process, we identified opportunities that perfectly aligned with the buyer's goals for expansion and investment diversification. We're excited to achieve a successful outcome for a seller that is integral to the local market and look forward to seeing the buyer succeed as his company contributes to the continued growth of the region's hospitality industry,” said Andrew Frosch, Senior Vice President of HVS Brokerage & Advisory.
HVS Brokerage & Advisory team members Andrew Frosch, Kyle Peterek, and Fadi Rawashdeh participated in this transaction.
Media Contact:
Lizzette Casarin
Senior Marketing Director
[email protected]
+1 (720) 244-7620
The property, built in 1997, was purchased by Bhavani Investments, LP, based in Corpus Christi, Texas, from Alister Square Inn, Ltd., based in Port Aransas, Texas.
Charles Crawford Sr., President of Alister Square Inn, Ltd., commented, “The HVS Brokerage team demonstrated exceptional expertise in market trends, property valuation, and strategic pricing. They conducted a comprehensive marketing campaign, securing a qualified buyer within weeks of going live. Their commitment to delivering outstanding communication and guidance was evident at every step, ensuring a seamless and efficient transaction process. We couldn’t be more pleased with their professionalism and dedication to achieving excellent results.”
The property benefits from its prime location in Port Aransas, near a multitude of leisure and corporate demand generators. The hotel is within walking distance of the beaches along the Gulf of Mexico, ideal for leisure travelers. Other key leisure demand generators include the Port Aransas Museum, Leonabelle Turnbull Birding Center, Red Dragon Pirate Cruises, Port Aransas Fishing Pier, Dolphin Dock Charters, Port Aransas Ferry Landing, WWII Gun Mounts, and Roberts Point Park. The Port Aransas economy is further bolstered by the oil and gas (O&G), petrochemical, and manufacturing industries of the nearby Corpus Christi market. In recent years, Port Aransas has targeted certain industries, such as renewable energy, aviation, marine, medical, and information technology, as future driving forces of its economy.
“Leveraging our in-depth local knowledge alongside a comprehensive marketing strategy played a crucial role in connecting with a local buyer eager to expand his hotel portfolio through the acquisition of the Alister Square Inn Port Aransas. During the marketing process, we identified opportunities that perfectly aligned with the buyer's goals for expansion and investment diversification. We're excited to achieve a successful outcome for a seller that is integral to the local market and look forward to seeing the buyer succeed as his company contributes to the continued growth of the region's hospitality industry,” said Andrew Frosch, Senior Vice President of HVS Brokerage & Advisory.
HVS Brokerage & Advisory team members Andrew Frosch, Kyle Peterek, and Fadi Rawashdeh participated in this transaction.
About HVS Brokerage & Advisory
The Brokerage & Advisory division is a specialized group within HVS that offers services related to investment sales and capital markets, focused exclusively on the hospitality industry. With a global footprint and over 35 offices nationwide, HVS’s hospitality intelligence and extensive expertise will help you achieve the results you want.Media Contact:
Lizzette Casarin
Senior Marketing Director
[email protected]
+1 (720) 244-7620