Holiday Inn Express & Suites Carthage

Request for Offers

2295 SE Loop, Carthage, TX 75633

Details

  • Request for Offers
  • Midscale

Investment Overview:

Marcus & Millichap is pleased to offer The Holiday Inn Express & Suites in Carthage, Texas on a Request for Offer basis. The offering is a mid-scale, limited-service, Holiday Inn Express & Suites hotel consisting of 69 rooms. The business has won multiple Awards over the past few years. Currently, the hotel has a Net Operating Income of $679,887 year-end 2017. A new investor should expect to fully renovate the property per IHGs latest design standard Formula Blue.

 

Property Overview:

The Holiday Inn Express & Suites is a 69-room, interior corridor, three-story hotel located in Carthage, Texas. Built in 2008, the hotel has a wood frame and a stucco and brick exterior with a pitched roof. Amenities at the hotel include an outdoor pool and spa, fitness center, business center, and coined laundry and vending machines. The guest rooms include a refrigerator, microwave, double glazed windows, individually controlled air conditioning, and a flat-screen television.

 

Location Overview:

Carthage is at the intersection of US Highways 59 and 79, 42 miles west of Shreveport, Louisiana, near the center of Panola County. The discovery of oil and gas created an economic boom for Panola County that still pays dividends to the area today. Also known as the Gas Capital of the U.S., oil and gas interests remain a vital part of the economy for Carthage and Panola County. Other industries tapping into the natural resources of the area include timber, logging, and wood processing facilities. Other manufacturing and processing plants also enhance the economic base of the area. Panola College, located in Carthage, hosts annual sporting events and rodeo events on campus, which contributes to the increased demand for lodging in the area.

Agent for this listing

Joseph Jaques

Associate, National Hospitality Group
Office: (972) 755-5171
Mobile: (979) 229-7673
Fax: (972) 755-5210
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Skyler Cooper

Vice President Investments, National Hospitality Group
Office: (303) 328-2036
Mobile: (540) 522-9115
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