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- LoopNet Team
309 W Heritage Dr
Tyler, TX 75703
Fairfield Inn & Suites - Tyler South · Hospitality Property For Sale
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47,955 SF
INVESTMENT HIGHLIGHTS
- Price Reduced
- Great reviews
- Ideal location
- New construction in Tyler, TX
- Near colleges and a university
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 47,955 SF |
| Property Subtype | Hotel | No. Stories | 4 |
| Building Class | B | Year Built | 2018 |
| Lot Size | 2.05 AC | Corridor | Interior |
| Zoning | C-1 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.05 AC |
| Building Size | 47,955 SF |
| No. Stories | 4 |
| Year Built | 2018 |
| Corridor | Interior |
| Zoning | C-1 |
AMENITIES
- Fitness Center
- Pool
ABOUT 309 W HERITAGE DR , TYLER, TX 75703
The Fairfield Inn & Suites is located in Tyler, Texas; specifically Tyler South. The hotel is brand new and just opened in the beginning of November 2018. The new property is for sale for a recently reduced price of $9.5 million at an estimated Cap Rate of 9.5%. Although the hotel just opened, it already has amazing reviews from guests. The hotel has 88 smoke-free rooms arranged across 4 floors and an overall square footage of 47,955 SF. The property is in an ideal location since it is located right off one of the major roads in the area, US-69. It is also very close to Texas State Highway 49, which provides easy access around Tyler. The property is only 6 miles away from downtown Tyler where there are many attractions and entertainment and dining options. Additionally, guests staying at the hotel will find conveniences of restaurants right by the hotel, as well as a movie theater, Walmart, Target, and the Village at Cumberland Park (numerous shopping and dining options.) The Fairfield Inn & Suites has many accommodations that they offer. Guests are drawn to stay at the Fairfield Inn because of the discounts that Marriott offers. Marriott offers senior discounts, corporate discounts for business travelers, and discounts for government employees, as well as military discounts. Guests will enjoy the hotel's amenities such as a free, full breakfast, free self-parking, business center, 24-hour fitness center, 24-hour front desk, free WiFi, and a corner market/convenient store. There is also an outdoor saltwater pool onsite. Guests will love this new hotel and the sleek, modern design scheme.
PROPERTY TAXES
| Parcel Number | 1-50000-1434-01-016080 | Improvements Assessment | $6,972,020 |
| Land Assessment | $805,158 | Total Assessment | $7,777,178 |
PROPERTY TAXES
