Holiday Inn Express & Suites Granbury

$5,250,000

1515 North Plaza Drive, Granbury, TX 76048

Details

  • $5,250,000
  • Limited Service

Holiday Inn Express & Suites Granbury is a 64-unit, interior corridor, upper-midscale hotel, located in Granbury, Texas. The property was constructed in 2007 and is a four-story hotel. The hotel features an indoor pool, a 24-hour fitness center, continental breakfast bar, and free outdoor self parking. Additionally, a business center and guest laundry facilities are onsite. All rooms provide conveniences like refrigerators, microwaves, free WiFi and flat-screen televisions with the Direct Television residential package offerings.

The Holiday Inn Express & Suites of Granbury, Texas is offered at $5.4M, which is $84,375 per room. Owner’s current franchise agreement allows for license to remain in effect until June 10, 2028 with a PIP completion prior to year ten. However, owner anticipates new operator will have the option to complete Formula Blue PIP and receive new 15 year license agreement effective from date of sale. Contact the listing agent for more details regarding PIP.

Current California based ownership utilizes San Antonio based, K Partners Hospitality Management to oversee day to day operations of the property. K Partners has managed the facility since it’s acquisition by ownership

Agent for this listing

Allan Miller

First Vice President Investments | Senior Director, National Hospitality Group
Office: (512) 338-7831
Mobile: (512) 203-9154
Fax: (512) 338-7810
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Joseph Jaques

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