Property Detail

return to property listings

La Quinta Inn & Suites

share this add to favorites
Click to Sign Confidentiality Agreement Signing the Confidentiality Agreement will allow you to view more details about the property
click photo for larger:
View Additional Photos

Property Overview

Located on the west side of Interstate Hwy 35 at the Oklahoma/Texas border, 50 miles north of the Dallas/Ft. Worth Metroplex. Next door to Gainesville Outlet Mall and 10 minutes from Winstar Casino.

Listing Broker(s)

Hal Mayfield Contact Broker Phone: 972-491-3200 E-mail: hmayfield@rocketmail.com

Property Highlights

Asking Price:
$6,840,000
Location:
West side of IH-35, south of FM 1202, 230 miles south of Okla. City, 200 miles north of Austin, 50 miles from DFW Airport,Gainesville
Property Description:
Limited Service
Number of Rooms:
71
Major Source of Business:
Interstate, Gainesville Factory Outlet, WinStar Casino, Extensive rail service provided by Amtrak & BNSF and 5 freight companies
Site Size:
4-story mid-rise hotel (49,016 sf) on 2.6 acres+/-
Year Built:
2007
Last Year Renovated:
Unknown
Common Area Amenities:
Bright Start Breakfast, comfortable sitting area & business center, fitness room, meeting room, guest laundry, heated indoor pool & 26 suites

Financial History

  • Average Daily Occupancy:
  • Average Daily Rate:
  • Net Operating Income:
  • Room Revenue:
  • Total Revenue:
  • Price Per Room:
  • Room Revenue Multiplier:
  • NOI multiplier:
  • Room Revenue Per Room:
  • Cap Rate:
2009 Year Ending
  • 0.00%
  • $551,125
  • $1,223,126
  • $1,245,404
  • $96,338
  • 5.6
  • 12.41
  • $17,227
  • 8.06%
2008 Year Ending
  • $404,655
  • $1,217,562
  • $1,282,744
  • $96,338
  • 5.62
  • 16.90
  • $17,149
  • 5.90%
Property Photos Print this page












View full page map External link to Google Maps for full page map view

Location

4201 N. I-35

Cooke County
Gainesville, Texas 76240

Listing Broker

Hal Mayfield, HotelBrokerOne - Dallas Office Contact Broker Phone: 972-491-3200 E-mail: hmayfield@rocketmail.com
Confidentiality Agreements

Please Login or Register to fill out this Confidentiality Agreement.

Benefits of signing the confidentiality agreements:

The Confidentiality Agreement allows you to receive further information regarding a property.

After your CA has been approved, you will receive an e-mail notification

You can review packages and due-diligence materials through the website

Click to Register for HB1 Account Registering for an HotelBrokerOne Account will allow you to view confidential property information including documents and pictures

Contact Listing Broker

Use the form below to contact the listing broker. The broker will be notified of your request immediately.

*First Name:
*Last Name:
Company Name:
Address:
City:
State:
Zip:
Country:
*Phone:
*E-mail:
*Questions or Comments Message:
My Property Critiera (not required)

Help us know more about what you're looking for.

States:
Size:
Price Range:
Submit Form

Listing Broker(s)

Hal Mayfield Contact Broker Phone: 972-491-3200 E-mail: hmayfield@rocketmail.com

Account Login

Currency Preference

Currently Selected USD image