Fairfield Inn & Suites Gainesville I-35 | 1300 N Interstate 35
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Fairfield Inn & Suites Gainesville I-35 1300 N Interstate 35
83 Room Hotel Gainesville, TX 76240 For Sale
Investment Highlights
- Opportunity to acquire the newest hotel in Gainesville, TX - This property is in excellent condition, requiring minimal capital improvements.
- 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.
- A CMBS loan with the balance of approximately $6.3M and interest rate of 5.77% can be assumed.
- The hotel is situated off Interstate 35, offering excellent visibility from the expressway, and it is minutes away from Gainesville Municipal Airport.
Executive Summary
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.
Property Facts
| Sale Type | Investment | No. Rooms | 83 |
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built | 2019 |
| Building Class | B | Parking Ratio | 1.28/1,000 SF |
| Lot Size | 2.50 AC | Corridor | Interior |
| Building Size | 46,927 SF | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.50 AC |
| Building Size | 46,927 SF |
| No. Rooms | 83 |
| No. Stories | 4 |
| Year Built | 2019 |
| Parking Ratio | 1.28/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 4 | $118.00 | - |
| Guest Room | 79 | $108.00 | - |
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PROPERTY TAXES
| Parcel Number | 155146 | Improvements Assessment | $7,767,282 |
| Land Assessment | $1,451,262 | Total Assessment | $9,218,544 |
PROPERTY TAXES
Parcel Number
155146
Land Assessment
$1,451,262
Improvements Assessment
$7,767,282
Total Assessment
$9,218,544
zoning
| Zoning Code | C (Commercial (NEC)) |
| C (Commercial (NEC)) |
-
Power Broker Michael Yu -
CBRE, Inc.
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Fairfield Inn & Suites Gainesville I-35 | 1300 N Interstate 35
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