1581 380 BY-PASS Graham TX 76450-2323

Own a Profitable Hospitality Asset in a Thriving Texas Market: Fully Renovated Holiday Inn Express for Sale

Singh Commercial Group at KW Commercial is pleased to offer the opportunity to acquire the 71 room Holiday Inn Express & Suites, a limited-service hotel located 2 hrs from Dallas, TX. This turnkey hotel, constructed in 2009 and meticulously renovated in 2022/23, presents a compelling opportunity to acquire a proven business model and capitalize on the significant growth trajectory.

Newly Renovated 71-Room Property with Proven Track Record:

Modern Appeal: Benefit from a recently renovated (2022-2023) property, featuring a contemporary ambiance that will attract guests seeking a comfortable and up-to-date experience in its 71 guest rooms.

Exceptional Performance: Notably, during the renovation period, the hotel demonstrated exceptional resilience, exceeding standard revenue expectations and generating strong financials exceeding $2.55 million. This momentum is anticipated to continue and potentially strengthen in 2024 with the fully renovated property attracting an even wider guest base.

Turnkey Operation: The meticulously maintained hotel features comfortable guest rooms, a refreshing pool, a modern fitness center, and a convenient breakfast area, offering a complete and ready-to-operate business.

Loyal Customer Base: The hotel enjoys a well-established reputation and loyal clientele, ensuring a solid foundation for continued success.

Optional Third-Party Management: New owners have the flexibility to choose self-management or leverage the expertise of an experienced hospitality management company. (3rd party management is available for new buyer by current ownership)

Fee-Simple interest in the 71-Unit, 3-story interior corridor Holiday Inn & Express ideally located off Highway 380

2023 year end revenues were $2,530,000+ with an NOI of nearly $905,000 after management fee expense and projected revenues of $2,750,000 in 2024

Priced at 8.6% CAP Rate based on Dec 2023 actuals

Property has been updated in 2022-23 to the “Formula Blue” package and no PIP is expected by current ownership

This renovation slightly interrupted the Property's high performance, but a new owner has the opportunity to revamp revenue management strategies and utilize the recent renovation to continue to drive rate

Ideal location near multiple demand generators, including Wind Energy and Power Plant

Outperforming STR-defined competitive market set by 10% in YTD 2023 and 28% in Jan 2024

The hotel is offered unencumbered by management and debt but 3rd party management is available for new buyer

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