903 Harbor Lakes Drive, Granbury, TX 76048 COMFORT SUITES HOSPITALITY FOR SALE PROPERTY OVERVIEW The Comfort Suites is a 70-room, limited service, interior corridor hotel located in Granbury, Texas. The three-story hotel was built in 2007 using stone and stucco exterior, and pitched shingle roof. The hotel features large spacious guest suites, a swimming pool, and all other standard amenities that come with a similar Choice Hotels branded property. The hotel is well-maintained, and a new owner may expect minimal PIP from the franchisor. Move to Modern renovations are being currently completed by the current owner. PROPERTY FEATURES 70-Room, Interior Corridor, 2007 Built, Limited Service Hotel Highway Location - Directly Off Highway 377 Presented SigniEcantly Below Replacement Cost at $58K/Room Excellent Owner - Operator Investment Opportunity Property Includes Indoor Pool Along Variety of Amenities For Guests Close to Fort Worth - Major Metro in Texas Undergoing Several Renovations. Upside Potential with Continued Renovations SALE PRICE: $4,100,000 PRICE PER UNIT: $58,571 LOT SIZE: 1.6 Acres BUILDING SIZE: 49,903 SF YEAR BUILT: 2007 RENOVATED: 2017 ZONING: Commercial MARKET: Dallas Fort Worth CROSS STREETS: 2nd Street SINGH COMMERCIAL GROUP 210.696.9996 10999 IH-10 West, Ste. 175 San Antonio, TX 78230 www.singhcommercialgroup.com/ RAV SINGH, CCIM Director 210.849.2175 [email protected]TX #0560351 We obtained the information above from sources we believe to be reliable. However, we have not veri4ed its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or 4nancing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.
Transcript
903 Harbor Lakes Drive, Granbury, TX 76048
COMFORT SUITES
HOSPITALITY FOR SALE
PROPERTY OVERVIEWThe Comfort Suites is a 70-room, limited service, interior corridorhotel located in Granbury, Texas. The three-story hotel was built in2007 using stone and stucco exterior, and pitched shingle roof. Thehotel features large spacious guest suites, a swimming pool, and allother standard amenities that come with a similar Choice Hotelsbranded property. The hotel is well-maintained, and a new ownermay expect minimal PIP from the franchisor. Move to Modernrenovations are being currently completed by the current owner.
PROPERTY FEATURES70-Room, Interior Corridor, 2007 Built, Limited Service Hotel
Highway Location - Directly Off Highway 377
Presented SigniEcantly Below Replacement Cost at $58K/Room
Excellent Owner - Operator Investment Opportunity
Property Includes Indoor Pool Along Variety of Amenities For Guests
Close to Fort Worth - Major Metro in Texas
Undergoing Several Renovations. Upside Potential with ContinuedRenovations
We obtained the information above from sources we believe to be reliable. However, we have not veri4ed its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or 4nancing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
We obtained the information above from sources we believe to be reliable. However, we have not veri4ed its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or 4nancing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
We obtained the information above from sources we believe to be reliable. However, we have not veri4ed its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or 4nancing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
We obtained the information above from sources we believe to be reliable. However, we have not veri4ed its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or 4nancing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
We obtained the information above from sources we believe to be reliable. However, we have not veri4ed its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or 4nancing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
We obtained the information above from sources we believe to be reliable. However, we have not veri4ed its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or 4nancing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
We obtained the information above from sources we believe to be reliable. However, we have not veri4ed its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or 4nancing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
We obtained the information above from sources we believe to be reliable. However, we have not veri4ed its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or 4nancing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
We obtained the information above from sources we believe to be reliable. However, we have not veri4ed its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or 4nancing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
Rav Singh CCIM is a licensed commercial real estate agent registered with Texas Real Estate Commission. Before joining KWCommercial, he owned and operated a graphic design and advertising business for 13 years. As a former marketer andbusiness owner, he knows how and where to market the business and properties for maximum exposure while maintainingconEdentiality. His client list included Audi, VW, Coca Cola and other top companies in the US.
After entering the commercial real estate and business brokerage Eeld, he has represented and closed many deals and is nowready to serve you! He specialize in petroleum marketing (gas stations and c-stores), investment sales, foreclosure/REO, tenantrep, land brokerage, multi-family, hospitality, and other cash producing properties in greater San Antonio Metroplex.
"Understanding and listening to the client's needs is where it all starts", says Rav, who works with investors and owneroperators locally and internationally. Originally from Panjab, India, having lived in the United States for over 30 years, Ravunderstands the blend of both western and eastern cultures and can provide a higher level of service and analyze numbers tolook at any investment project. He recently achieved the prestigious designation of CCIM (CertiEed Commercial InvestmentMember), the PhD of commercial real estate, by taking core courses and networking to learn, network, and better prepare totake advantages for the future opportunities!
He serves as a KW Commercial Director in the City-View Keller Williams ofEce in San Antonio, Texas.
EDUCATION
BFA in Graphic Design with Minor in AdvertisingCCIM - CertiEed Commercial Investment Member
MEMBERSHIPS & ASSOCIATIONS
CIPS - CertiEed International Property SpecialistNAR - National Association of RealtorsTAR - Texas Association of Realtors
We obtained the information above from sources we believe to be reliable. However, we have not veri4ed its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or 4nancing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
We obtained the information above from sources we believe to be reliable. However, we have not veri4ed its accuracy and make no guarantee, warranty or representation aboutit. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or 4nancing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.
Information About Brokerage Services Texas law requires all real estate license holders to give the following informaƟon about
brokerage services to prospecƟve buyers, tenants, sellers and landlords.
TYPES OF REAL ESTATE LICENSE HOLDERS: .• A BROKER is responsible for all brokerage acƟviƟes, including acts performed by sales agents sponsored by the broker. • A SALES AGENT must be sponsored by a broker and works with clients on behalf of the broker.
A BROKER’S MINIMUM DUTIES REQUIRED BY LAW (A client is the person or party that the broker represents): • Put the interests of the client above all others, including the broker’s own interests; • Inform the client of any material informaƟon about the property or transacƟon received by the broker; • Answer the client’s quesƟons and present any oīer to or counter-oīer from the client; and • Treat all parƟes to a real estate transacƟon honestly and fairly.
A LICENSE HOLDER CAN REPRESENT A PARTY IN A REAL ESTATE TRANSACTION:
AS AGENT FOR OWNER (SELLER/LANDLORD): The broker becomes the property owner's agent through an agreement with the owner, usually in a wriƩen lisƟng to sell or property management agreement. An owner's agent must perform the broker’s minimum duƟes above and must inform the owner of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent or subagent by the buyer or buyer’s agent.
AS AGENT FOR BUYER/TENANT: The broker becomes the buyer/tenant's agent by agreeing to represent the buyer, usually through a wriƩen representaƟon agreement. A buyer's agent must perform the broker’s minimum duƟes above and must inform the buyer of any material informaƟon about the property or transacƟon known by the agent, including informaƟon disclosed to the agent by the seller or seller’s agent.
AS AGENT FOR BOTH - INTERMEDIARY: To act as an intermediary between the parƟes the broker must first obtain the wriƩen agreement of each party to the transacƟon. The wriƩen agreement must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligaƟons as an intermediary. A broker who acts as an intermediary:
• Must treat all parƟes to the transacƟon imparƟally and fairly; • May, with the parƟes' wriƩen consent, appoint a diīerent license holder associated with the broker to each party (owner and
buyer) to communicate with, provide opinions and advice to, and carry out the instrucƟons of each party to the transacƟon. • Must not, unless specifically authorized in wriƟng to do so by the party, disclose:
େ that the owner will accept a price less than the wriƩen asking price; େ that the buyer/tenant will pay a price greater than the price submiƩed in a wriƩen oīer; and େ any confidenƟal informaƟon or any other informaƟon that a party specifically instructs the broker in wriƟng not to
disclose, unless required to do so by law.
AS SUBAGENT: A license holder acts as a subagent when aiding a buyer in a transacƟon without an agreement to represent the buyer. A subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first.
TO AVOID DISPUTES, ALL AGREEMENTS BETWEEN YOU AND A BROKER SHOULD BE IN WRITING AND CLEARLY ESTABLISH: • The broker’s duƟes and responsibiliƟes to you, and your obligaƟons under the representaƟon agreement. • Who will pay the broker for services provided to you, when payment will be made and how the payment will be calculated.
LICENSE HOLDER CONTACT INFORMATION: This noƟce is being provided for informaƟon purposes. It does not create an obligaƟon for you to use the broker’s services. Please acknowledge receipt of this noƟce below and retain a copy for your records.
Licensed Broker /Broker Firm Name or Primary Assumed Business Name
License No. Email Phone
Designated Broker of Firm License No. Email Phone
Licensed Supervisor of Sales Agent/Associate
License No. Email Phone
Sales Agent/Associate’s Name License No. Email Phone
Regulated by the Texas Real Estate Commission
Buyer/Tenant/Seller/Landlord Initials
InformaƟon available at www.trec.texas.gov IABS 1-0
Date
Keller Williams Realty City View 547594 [email protected] 210.696.9996
