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1300 N Interstate 35
Gainesville, TX 76240
Fairfield by Marriott Inn & Suites · Hospitality Property For Sale
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46,716 SF
Investment Highlights
- Newest Hotel in Gainesville, TX - This property is in excellent condition, requiring minimal capital improvements for a new ownership.
- 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.
- Unique opportunity to acquire a premium limited-service hotel bolstered by the global Marriott Bonvoy program.
- A CMBS loan with the balance of around $6.35M and interest rate of 5.77% can be assumed to further improve cash flow of this investment opportunity.
- The hotel is situated off Interstate 35, offering excellent visibility from the expressway, and it is minutes away from Gainesville Municipal Airport.
Property Facts
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built | 2019 |
| Building Class | B | Parking Ratio | 1.13/1,000 SF |
| Lot Size | 2.50 AC | Corridor | Interior |
| Building Size | 46,716 SF | ||
| Zoning | C - Commercial (NEC) | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.50 AC |
| Building Size | 46,716 SF |
| No. Stories | 4 |
| Year Built | 2019 |
| Parking Ratio | 1.13/1,000 SF |
| Corridor | Interior |
| Zoning | C - Commercial (NEC) |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Digital key
Property Taxes
| Parcel Number | 155146 | Improvements Assessment | $8,242,212 |
| Land Assessment | $1,308,888 | Total Assessment | $9,551,100 |
Property Taxes
Parcel Number
155146
Land Assessment
$1,308,888
Improvements Assessment
$8,242,212
Total Assessment
$9,551,100
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