La Quinta Inn & Suites - Hillsboro, TX
$6,250,000
1513 Old Brandon Rd, Hillsboro, TX 76645
38,248 sqft
Building Size
1.4977 acres
Lot Area
Details:
Highlights:
- 3 Story Interior Corridor Hotel
- 65 recently renovated guest rooms with latest LQUp brand standard
- On-site fitness center, outdoor pool & business center
- Ideally located off I-35 between Waco and Dallas
- 30min from Waco, TX (Baylor University) | 50min from Dallas, TX | 50min from Ft. Worth, TX
- Well Maintained Asset | Strong, Consistent year-over-year RevPar Growth | Offered at 9.2% Cap Rate
- USDA Loan eligible
Description:
NewGen Advisory is proud to present for sale the fee simple interest in the La Quinta Inn & Suites in Hillsboro, TX. Situated right off Interstate 35, the hotel enjoys prime positioning between the cities of Waco and Dallas, making it a convenient stopover for travelers exploring these bustling areas.
The La Quinta Inn & Suites offers 65 recently renovated guest rooms that are compliant with the latest La Quinta LQUp brand standards with minimal improvements required for the next owner. The property features an outdoor pool along with a business center and fitness center. This is a great opportunity to acquire a franchise hotel with a year-over-year increase in RevPar, in a location with plenty of upside for future growth as its neighboring cities continue to expand.
Hillsboro, Texas, is a thriving city strategically located at the I-35 split, providing swift market access just an hour from both Dallas and Fort Worth. This advantageous position connects to major highways like I-35 and U.S. 22, allowing for easy transcontinental travel, while Union Pacific's Class I rail service offers extensive coverage west of the Mississippi. The Port of Houston, a gateway to global trade, is less than four hours away, and the Hillsboro Municipal Airport offers air travel convenience, with international service available an hour's drive away in Dallas. The city is also known for its historic charm, with attractions like the Texas Heritage Museum and Hill County Cell Block Museum drawing in visitors year-round.
Location
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