3064 Interstate 20 N Access Rd - Hospitality FOR SALE


Van, TX 75790
$7,900,000 USD
661-910-8003
3064 Interstate 20 N Access Rd, Van, TX for Sale
$7,900,000 USD
Hospitality - FOR SALE
1/24
null | Request Cap Rate

3064 Interstate 20 N Access Rd
Van, TX 75790


HIGHLIGHTS

  • Revenue up $54,000 year-to-date over 2024
  • 2017 Built -Marriott branded asset
  • 1.5 hours from Dallas with direct access to I-20
  • Operational improvements available under new management
  • Attractive Pricing – Offered below replacement cost
  • 12% REVPAR growth year-over-year

OVERVIEW

High-Traffic Interstate Visibility: Strategically positioned along 1-20  with an average of 150,000 vehicles passing through daily Attractive Price Per Key: Offered at $120K/key #1 hotel and Prime choice for business and corporate travelers Diverse Demand Base with strong overflow from neighboring cities 8% Revpar Growth Over Last Year.

FOR SALE DETAILS

PRICE

$7,900,000 USD

PRICE/SF

$189 USD /SF

# OF ROOMS

74

PRICE/ROOM

$106,757 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fairfield Inn & Suites Van Canton Area

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2017

PARKING SPACES

89

LAND DETAILS

LAND ACRES

2.95 AC

LAND SF

128,502 SF

ZONING

F1

APN/PARCEL ID

R000108863

ASK ABOUT THIS PROPERTY

Corina PalekarHotel Brokers of AmericaMore Info
661-910-8003

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Corina PalekarHotel Brokers of AmericaMore Info
661-910-8003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.