Holiday Inn Express & Suites Center
In Place 11.25% CAP | 3.47x RRM
Marketing description
Cushman & Wakefield’s Hospitality Group has been retained to offer for sale the fee simple interest in the 60-room Holiday Inn Express & Suites, located in Center, Texas. Built in 2007 as an interior‑corridor hotel and extensively renovated with approximately $1.5 million in upgrades completed in 2023, the property offers a modern guest experience while significantly reducing near‑term capital needs. Strategically located in Center, Texas, the Shelby County seat, the property benefits from steady weekday demand generated by courts, county offices, and government
activity, as well as durable energy-related demand tied to the nearby Haynesville Shale, one of the nation’s most productive natural gas regions. Additional demand from healthcare, agriculture, contractors, and leisure travelers creates a diversified revenue base while barriers to entry and
modest population growth in this East Texas market help limit new supply and support rate and occupancy stability. The Holiday Inn Express & Suites Center offers investors the opportunity to acquire a recently renovated, 60-room property with dependable cash flow, brand-backed performance, and long-term value preservation.
Investment highlights
- 2007-built, interior-corridor hotel.
- Parcel includes a 4-bedroom, 2.5-bath house that currently rents for $1,200 per month plus utilities.
- Holiday Inn Express & Suites by IHG is a highly desirable flag by both investors and consumers alike.
- New 15-year IHG license expected for new owner.
- Outperforming competitive set in terms of occupancy, ADR, and RevPAR.
- Property just completed $1.5M extensive renovations in 2023, leaving minimal Property Improvement Plan (PIP) costs expected for new ownership.
- Excellent owner-operator acquisition opportunity.
- Ideal first-time hotel buyer opportunity.
- Center, Texas sits in the western edge of the Haynesville Shale natural gas formation, one of the largest producing gas fields in the U.S., generating recurring demand from energy workers, contractors, and service firms.
- As the Shelby County seat, Center concentrates courts, county offices, legal services, and government activity, providing dependable weekday room‑night demand.
- Barriers to entry in smaller East Texas markets and modest population growth reduce the likelihood of new competitive hotel supply, helping preserve occupancy and rate stability.
- Revenue is supported by a blend of government, healthcare, energy, agriculture, and leisure travel, limiting reliance on any single industry.
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