Investment Overview

Marcus & Millichap is pleased to present the Holiday Inn Express & Suites Fort Worth Downtown—an exceptional 163 room, upper midscale, six story concrete reinforced construction, IHG branded fee simple hospitality investment located at 1111 West Lancaster Avenue in the heart of downtown Fort Worth, Texas. Positioned just west of the Fort Worth Central Business District, this six story asset benefits from a diverse mix of downtown business, government, medical, convention, and leisure demand, supported by strong regional and national connectivity. With immediate access to Interstate 30 and Interstate 35W, proximity to Texas & Pacific Station for commuter rail and Amtrak service, and convenient connectivity to DFW International Airport, the Holiday Inn Express & Suites Fort Worth Downtown stands out as a strategically located, institutional quality asset in one of Texas’ fastest growing urban cores. The property was originally constructed in 1950 and later converted and opened as a hotel in 2008 after extensive renovation. The most recent comprehensive renovation was completed in 2020. These major improvement cycles have produced modern guest accommodations and an enhanced amenity package designed to serve both transient and group oriented travelers. Situated on a 0.94 acre site with 124 parking spaces and approximately 41,054 square feet of gross building area, the hotel is well positioned to capture demand from nearby convention activity, corporate offices, healthcare institutions, and Fort Worth’s expanding tourism economy. As of December 2025, the 12 month average RevPAR in the Fort Worth CBD/I 820 West Hotel Submarket continued a positive uptick, indicating steady growth and a lower risk environment. While the competitive set RevPAR was $105.50, the subject hotel recorded a RevPAR Index of only 78 percent, presenting meaningful untapped potential for a prospective buyer. Leveraging strategic revenue management and targeted marketing initiatives could increase room revenue to $5.6–$6.2 million at 90% and 100% RGI, respectively, unlocking significant upside and delivering stronger returns for investors.