1300 N Interstate 35 - Hospitality FOR SALE
Gainesville, TX 76240 |
713-577-1760
1300 N Interstate 35
Gainesville, TX 76240
HIGHLIGHTS
- Opportunity to acquire the newest hotel in Gainesville, TX - This property is in excellent condition, requiring minimal capital improvements.
- A CMBS loan with the balance of approximately $6.3M and interest rate of 5.77% can be assumed.
- The hotel is among the RevPAR leaders in the market, ranking #2 among its competitive set with an average index north of 109% between 2021 and 2023.
- The hotel is situated off Interstate 35, offering excellent visibility from the expressway, and it is minutes away from Gainesville Municipal Airport.
OVERVIEW
CBRE Hotels is pleased to solicit offers to acquire the fee-simple interest in the Fairfield Inn & Suites in Gainesville, Texas. Located off Interstate 35 with convenient access to Medal of Honor Park, Frank Buck Zoo, and the North Central Texas College - Gainesville Campus, the 2019-built and 83-room property receives business from a diverse population of both corporate and leisure segments.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Fairfield Inn & Suites Gainesville I-35
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2019
PARKING SPACES
60
LAND DETAILS
LAND ACRES
2.5 AC
LAND SF
108,900 SF
ZONING
C
APN/PARCEL ID
155146
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713-577-1760
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713-577-1760
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