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Hotel-Motel

Holiday Inn Express & Suites Garland East Lake Hubbard I 30

4412 Bass Pro Dr, Garland, TX 75043

Listing Price: Request For Offer

RevPAR
$69
Year Built
2014

Investment Overview

Highly Visible with Easy Accessibility: The Property is readily accessible via President George Bush Highway and Interstate 30 ,and nearby prominent suburbs, including Richardson and Plano, two of Dallas-Fort Worth Largest Suburbs by population. The Hotel is one of the closest to Lake Ray Hubbard and Bass Pro Shops. Building Attributes: The four-story Holiday Inn Express & Suites opened in 2014 features well-maintained 98 guest rooms and suites, as well as an outdoor pool, fitness center, balcony suites with lake view, and breakfast area. Local Demand Generators: Lake Ray Hubbard is within walking distance and offers great windsurfing, waterskiing, kayaking, boating, and a bounty of bass and catfish for avid anglers. Other key demand generators include Bass Pro Shops (adjacent to Hotel), Firewheel Town Center (9.7 miles), Curtis Culwell Center (12.4 miles), Gilbreath-Reed Career and Technical Center (13.2 miles), Hawaiian Falls Garland (12.9 miles), and Eastlake Business Center (8.2 miles). Market Penetration: The limited-service Hotel recorded a RevPAR penetration premium of 15 percent and 25 percent in 2019 and 2020, respectively, providing insight that the Hotel will continue to outperform the submarket and continue increasing market penetration. Operational Success: In 2019, the Hotel achieved room revenues over $2.75M and maintained a net operating income over $1M or 33.4 percent of total revenues, after a 4 percent capital replacement reserve and 3 percent management fee reserve. InterContinental Hotels Group-Branded Asset: The Property maintains brand affiliation with InterContinental Hotels Group (IHG) and currently benefits from the IHG Rewards loyalty program, known for its strong brand recognition amongst travelers, owners, and franchisees. CMBS Loan: The Property is offered for sale encumbered by a CMBS loan with an interest rate of approximately 5%. The CMBS loan will need to be assumed by the purchaser at the time of the sale. Please contact the listing agent for more information.

Investment Highlights

  • 4-Story, 98-Room, Upper-Midscale Hotel Built in 2014
  • Highly Sought-After Location off President George Bush Highway and Interstate 30 on the Shores of Lake Ray Hubbard
  • Outperforming the Strong Garland Hospitality Submarket, Recording a RevPAR Penetration Index of 115 Percent
  • 2019 Room Revenues Over $2.75M and Net Operating Income Over $1M
  • Top-Tier Brand Affiliation with IHG, a Leader in Hospitality Brands

Exclusively Listed By

Financing By

Hotel-Motel

Holiday Inn Express & Suites Garland East Lake Hubbard I 30

Listing Price: Request For Offer

RevPAR
$69
Year Built
2014

Investment Highlights

  • 4-Story, 98-Room, Upper-Midscale Hotel Built in 2014
  • Highly Sought-After Location off President George Bush Highway and Interstate 30 on the Shores of Lake Ray Hubbard
  • Outperforming the Strong Garland Hospitality Submarket, Recording a RevPAR Penetration Index of 115 Percent
  • 2019 Room Revenues Over $2.75M and Net Operating Income Over $1M
  • Top-Tier Brand Affiliation with IHG, a Leader in Hospitality Brands

Investment Overview

Highly Visible with Easy Accessibility: The Property is readily accessible via President George Bush Highway and Interstate 30 ,and nearby prominent suburbs, including Richardson and Plano, two of Dallas-Fort Worth Largest Suburbs by population. The Hotel is one of the closest to Lake Ray Hubbard and Bass Pro Shops. Building Attributes: The four-story Holiday Inn Express & Suites opened in 2014 features well-maintained 98 guest rooms and suites, as well as an outdoor pool, fitness center, balcony suites with lake view, and breakfast area. Local Demand Generators: Lake Ray Hubbard is within walking distance and offers great windsurfing, waterskiing, kayaking, boating, and a bounty of bass and catfish for avid anglers. Other key demand generators include Bass Pro Shops (adjacent to Hotel), Firewheel Town Center (9.7 miles), Curtis Culwell Center (12.4 miles), Gilbreath-Reed Career and Technical Center (13.2 miles), Hawaiian Falls Garland (12.9 miles), and Eastlake Business Center (8.2 miles). Market Penetration: The limited-service Hotel recorded a RevPAR penetration premium of 15 percent and 25 percent in 2019 and 2020, respectively, providing insight that the Hotel will continue to outperform the submarket and continue increasing market penetration. Operational Success: In 2019, the Hotel achieved room revenues over $2.75M and maintained a net operating income over $1M or 33.4 percent of total revenues, after a 4 percent capital replacement reserve and 3 percent management fee reserve. InterContinental Hotels Group-Branded Asset: The Property maintains brand affiliation with InterContinental Hotels Group (IHG) and currently benefits from the IHG Rewards loyalty program, known for its strong brand recognition amongst travelers, owners, and franchisees. CMBS Loan: The Property is offered for sale encumbered by a CMBS loan with an interest rate of approximately 5%. The CMBS loan will need to be assumed by the purchaser at the time of the sale. Please contact the listing agent for more information.

Exclusively Listed By

Financing By

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