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Classic Auction - Hospitality

REO | Holiday Inn Fort Worth North - Fossil Creek

4635 Gemini Place, Fort Worth, TX 76106

  • Asset Type
  • Real Estate
  • Property Type
  • Hospitality
  • Land Area
  • 2.50 Acres
  • Year Built
  • 2008
  • Year Renovated
  • 2015
  • Number of Floors
  • 5
  • Number of Buildings
  • 1
  • Parking Count
  • 155
  • Occupancy
  • 33.97%
  • Occupancy as of
  • Aug 31, 2021
  • Hospitality Type
  • Select Service
  • Number of Rooms
  • 126 Rooms
  • Average Daily Rate
  • $92.00
  • Revenue Per Room
  • $31.25
  • Function Space Area
  • 2,160 Sq Ft

REO | Lender Sale | Highly Sought After DFW MSA

Investment Highlights:

  • Lender Controlled, Institutionally managed select-service Upper-midscale IHG Branded hotel in DFW
  • 5 story concrete and steel frame construction
  • Excellent location right off the busy I-35W and in close proximity to I-820, both major thoroughfares in DFW
  • Close proximity to Fort Worth Meacham Airport and nearby to the Fort Worth Stockyards
  • Expected to sell well below replacement cost


Property Tours 

Tours are available on October 21st & 29th and November 5th.  Please reach out to Marcus and Millichap to schedule your tour now.
 

Opportunity Overview

Marcus & Millichap, in conjunction with RealInsight Marketplace, is pleased to present for sale to qualified investors the Holiday Inn Fort Worth North – Fossil Creek. This 126-room, five-story, upper midscale Property is positioned off of Interstate 35 West within the Dallas-Fort Worth Metropolitan Statistical Area. The hotel is very well positioned to take advantage of the various surrounding demand generators in the area.

The hotel is located at 463 Gemini Place right off I-35 and just south of the Interstate 820 interchange providing access in and around Fort Worth. The Dallas/Fort Worth Metroplex contains several various demand generators including several Higher Educational Institutions; including Texas Christian University (TCU) and the University of Texas at Arlington which supply an educated labor force for the large and diverse employment base. Other sources of business demand include Coca Cola; Trinity Industries; Haggar Clothing; Elbit Systems; TDIndustries; as well as Fort Worth Meacham International Airport and the Fort Worth Stockyards, among others.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Platform Fee

The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

Need Help?

Have questions about Marketplace? You can reach us at 800.915.7015 or info@rimarketplace.com.

Auctioneer

  • Lamar P. Fisher

    Fisher Auction Company Inc.

    License: 10344