La Quinta Granbury

$3,700,000

880 Harbor Lakes Dr, Granbury, TX 76048

Details

  • $3,700,000
  • Midscale

Investment Overview:

Marcus & Millichaps National Hospitality Group, as an exclusive broker, is pleased to offer for sale the La Quinta Inn & Suites in Granbury, Texas. The property is a 57- room, interior corridor, three-story franchise hotel located in Granbury, Texas, approximately 36 miles from the Dallas-Fort Worth MSA.

The La Quinta Inn & Suites of Granbury, Texas, is offered below replacement cost at $3.7M, which is $64,912 per room. The property currently is run by an absentee owner, providing a great opportunity for a first-time hotelier to build in efficiencies and significantly improve the operating margin. The city of Granbury currently has restrictions placed on new-build, limited-service, economy-brand properties providing a high barrier-to-entry market.

Property Overview:

The La Quinta Inn & Suites Granbury is a 57-room, limited-service, interior corridor hotel located in Granbury, Texas. The hotel features common area amenities such as an outdoor pool, business center, guest laundry facilities, fitness center, and meeting facilities. There are also a multitude of guest room amenities which include a microwave, mini refrigerator, and work desk.

Location Overview:

Granbury, Texas, is seated in Hood County and located on US Highway 377, also known as NAFTA Highway, which extends from Oklahoma to Mexico. It is approximately 36 miles from the Dallas/Fort Worth MSA in North Central Texas. The La Quinta Inn & Suites Granbury is conveniently located less than one mile from the popular recreational destinations Lake Granbury. Weatherford College Education Center at Granbury, attended by more than 5,700 students, is located 24 miles from the hotel. Graduation, sporting events and other annual events generate many annual room nights. Other nearby attractions include Texas Waterside Sports, Harbor Lakes Golf Club, Granbury City Beach, and Granbury Theatre Company.

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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