Holiday Inn Express & Suites Carthage


2295 SE Loop, Carthage, TX 75633


  • $5,250,000
  • Midscale

Investment Overview:

The Holiday Inn Express & Suites is priced at $5.25M which is 2.98 times the 2017 year-end room revenues. The capitalization rate is 12.95 percent, based off the list price and the 2017 net operating income. The Formula Blue Property Improvement Plan is anticipated to cost a new investor roughly $800K.

After completion of the Formula Blue Property Improvement Plan, a new investor can expect over a 35 percent Cash-On-Cash return assuming a new investor leverages a 20 percent equity down payment for a new loan with a 6 percent interest rate, amortized over 25 years.


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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