1715 I-35Gainesville, TX 76240

Property Details for 1715 I-35

Year built

2007

Lot size

1.80 AC

Property size (Sq ft)

29,250 SF

Property type

Hospitality properties

Property subtype

Hotels

Description

This fee-simple, four-story Comfort Suites hotel in Gainesville, Texas presents a compelling investment opportunity. Built in 2007 and extensively renovated in 2021, this 29,250 square foot property boasts 72 keys and is situated on a 1.8-acre lot at 1715 I-35. The hotel offers a range of amenities including a fitness center, market center, meeting space, and an indoor pool, catering to a diverse clientele. Located in Cooke County, this asset benefits from its proximity to the Dallas/Fort Worth Metroplex, approximately 65 miles from both Dallas and Fort Worth. The property's strategic location within the Denton-Gainesville submarket, coupled with its proximity to major thoroughfares (US Route 82 and Interstate 35), ensures high visibility and accessibility. The asking price is $8,000,000, translating to $273.50 per square foot and $111,111.11 per key. This turnkey operation presents minimal post-acquisition improvement needs, making it an attractive option for owner-users seeking a profitable hospitality investment in a rapidly growing area. The area's economic strength is further bolstered by the presence of Safran Seats USA LLC, a major employer in Gainesville, and the proximity to the WinStar World Casino, a significant tourist attraction drawing visitors from a wide radius. This combination of factors positions this hotel for continued success and strong returns.

Location Insight

City

Gainesville

County

Cooke

State

Texas

Latitude

33.642

Longitude

-97.1581

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