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203 Outlet Dr
Hillsboro, TX 76645
Fairfield Inn & Suites Hillsboro · Hospitality Property For Sale
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53,956 SF
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 2009/2023 |
| Building Class | B | Parking Ratio | 1.69/1,000 SF |
| Lot Size | 2.21 AC | Corridor | Interior |
| Building Size | 53,956 SF | ||
| Zoning | C | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.21 AC |
| Building Size | 53,956 SF |
| No. Stories | 4 |
| Year Built/Renovated | 2009/2023 |
| Parking Ratio | 1.69/1,000 SF |
| Corridor | Interior |
| Zoning | C |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ABOUT 203 OUTLET DR , HILLSBORO, TX 76645
The Comfort Suites Hillsboro is a 65-room, interior corridor, limited service hotel. The hotel was constructed in 2009 and is a four-story property located in Hillsboro, Texas, just off Interstate 35. Hotel amenities include business center, meeting rooms, banquet rooms, guest laundry facilities, indoor whirlpool/hot tub, and breakfast area. The modern, casual suites come with free Wi-Fi and flat-screen televisions, coffee makers, mini fridges and microwaves. All rooms have pull-out sofas, and upgraded suites feature kitchenettes and some offer balconies. The Comfort Suites of Hillsboro generated approximately $867K in revenue during the 2016 fiscal year, with a consistent increase in revenues year-over-year for the past three years. The 65-room hotel is offered at $2.95M, resulting in a Room Revenue Multiplier of 3.39 and a CAP Rate of 10.7 percent, creating a Leveraged IRR of 36.64 percent for a new investor
PROPERTY TAXES
| Parcel Number | 145417 | Improvements Assessment | $2,226,700 |
| Land Assessment | $558,150 | Total Assessment | $2,784,850 |
PROPERTY TAXES
