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Hotel-Motel

Two Property Portfolio Denton, TX

4465 N Interstate 35, Denton, TX 76207

Listing Price: Request For Offer

Number of Rooms
180
RevPAR
$84
Year Built
2010

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap’s National Hospitality Division is pleased to present for sale to qualified investors the 180-room Two Property Portfolio in Denton, Texas (‘Hotels’, ‘Properties’, or ‘Portfolio’) including the Holiday Inn Express & Suites Denton-UNT-TWU and the La Quinta Inn & Suites Denton-University Drive. The Portfolio provides a diverse mix of well-positioned assets with exceptional brands within Denton, Texas. Denton is located just 40 miles northwest of Dallas, Texas. Over 75 percent of rooms were occupied through twelve-months April 2022 throughout the Portfolio, resulting in more than $5.69 million of total revenues and a net operating income of over $1.95 million. Collectively, the Portfolio benefits from strong in-place cash flow, limited new supply, and best-in-class brand affiliation. The Portfolio of high-quality Hotels presents the opportunity for potential investors to acquire cash-flowing, cap-rate based acquisitions, and scale immediately in the highly desirable Dallas-Fort Worth Metropolitan Area while capitalizing on RevPAR growth trends that are expected to continue into the future. Additionally, the Properties are located across from each other, providing operational economies of scale to a prospective buyer. Each Hotel maintains a premium brand affiliation with InterContinental Hotels Group and Wyndham Hotels & Resorts. These brands are amongst the most trusted in the hospitality industry and offer great benefits for owners and guests alike, such as powerful reservation systems and strong brand loyalty. Both Properties recently completed a PIP, the La Quinta Inn & Suites Denton - University Drive in 2020/2021, and the Holiday Inn Express & Suites Denton - UNT – TWU in 2020.

Investment Highlights

  • La Quinta Inn & Suites Denton – University Drive: 88-Room, Upper-Midscale, Limited-Service, Wyndham Hotels & Resorts Branded Asset
  • Holiday Inn Express & Suites Denton – UNT - TWU: 92-Room, Upper-Midscale, Limited-Service, InterContinental Hotel Group Branded Asset
  • Located off Interstate 35, Providing Easy Accessibility to Demand Generators such as The University of North Texas, Texas Woman's College, Lake Lewisville, Denton Water Works Park, and Rayzor Ranch
  • Twelve-Month Revenues over $2.81 Million Through April 2022 for the La Quinta Inn & Suites Denton – University Drive
  • Twelve-Month Revenues over $2.72 Million Through April 2022 for the Holiday Inn Express & Suites Denton – UNT - TWU
  • Consistent Year-Over-Year RevPAR growth in Dallas-Fort Worth MSA

Exclusively Listed By

Hotel-Motel

Two Property Portfolio Denton, TX

Listing Price: Request For Offer

Number of Rooms
180
RevPAR
$84
Year Built
2010

Investment Highlights

  • La Quinta Inn & Suites Denton – University Drive: 88-Room, Upper-Midscale, Limited-Service, Wyndham Hotels & Resorts Branded Asset
  • Holiday Inn Express & Suites Denton – UNT - TWU: 92-Room, Upper-Midscale, Limited-Service, InterContinental Hotel Group Branded Asset
  • Located off Interstate 35, Providing Easy Accessibility to Demand Generators such as The University of North Texas, Texas Woman's College, Lake Lewisville, Denton Water Works Park, and Rayzor Ranch
  • Twelve-Month Revenues over $2.81 Million Through April 2022 for the La Quinta Inn & Suites Denton – University Drive
  • Twelve-Month Revenues over $2.72 Million Through April 2022 for the Holiday Inn Express & Suites Denton – UNT - TWU
  • Consistent Year-Over-Year RevPAR growth in Dallas-Fort Worth MSA

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap’s National Hospitality Division is pleased to present for sale to qualified investors the 180-room Two Property Portfolio in Denton, Texas (‘Hotels’, ‘Properties’, or ‘Portfolio’) including the Holiday Inn Express & Suites Denton-UNT-TWU and the La Quinta Inn & Suites Denton-University Drive. The Portfolio provides a diverse mix of well-positioned assets with exceptional brands within Denton, Texas. Denton is located just 40 miles northwest of Dallas, Texas. Over 75 percent of rooms were occupied through twelve-months April 2022 throughout the Portfolio, resulting in more than $5.69 million of total revenues and a net operating income of over $1.95 million. Collectively, the Portfolio benefits from strong in-place cash flow, limited new supply, and best-in-class brand affiliation. The Portfolio of high-quality Hotels presents the opportunity for potential investors to acquire cash-flowing, cap-rate based acquisitions, and scale immediately in the highly desirable Dallas-Fort Worth Metropolitan Area while capitalizing on RevPAR growth trends that are expected to continue into the future. Additionally, the Properties are located across from each other, providing operational economies of scale to a prospective buyer. Each Hotel maintains a premium brand affiliation with InterContinental Hotels Group and Wyndham Hotels & Resorts. These brands are amongst the most trusted in the hospitality industry and offer great benefits for owners and guests alike, such as powerful reservation systems and strong brand loyalty. Both Properties recently completed a PIP, the La Quinta Inn & Suites Denton - University Drive in 2020/2021, and the Holiday Inn Express & Suites Denton - UNT – TWU in 2020.

Exclusively Listed By

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