Office Space For Sale @ 1434 Centre Place Dr

The SpringHill Suites Denton is exclusively listed with Tabani Realty. The property was built in 2006 as a full service Holiday Inn and was converted to a SpringHill Suites in 2014. The hotel consists of 129 all-suite guestrooms. The property sits on 6.06 acres of land that is included in the sale of the property. The overall living space is 95,402 SF spread out across 4 floors with interior corridors. Overall, the hotel has great reviews on all booking platforms and recently won the TripAdvisor Certificate of Excellence Award for 2019. The hotel is currently opered by a third party management company and can be acquired free and clear of any management contracts. The hotel has an assumable CMBS loan for $10.7 million with 4.44% assumable interest rate with maturity in 2027.

The location of this hotel is very ideal as it is located in the business district of Denton. Additionally, the hotel is located within a 5-minute drive to the University of North Texas and Texas Woman's University. Between both of the universities combined, they have a student population of almost 52,000. The hotel is also a quick 5-minute drive to Denton Square in downtown Denton, the heart of Denton. The Square is always busy and offers many places to dine, drink, shop, and see live music. Also within 10 minutes or less from the hotel is the Denton Crossing shopping center, Rayzor Ranch Town Center, and Rayzor Ranch Market Place. These locations provide more shopping, dining, and entertainment like movie theaters, bowling, and spa treaments.

Along with the fantastic location of the hotel, the hotel has many amenities for guests visiting the SpringHill Suites. The hotel offers free breakfast, complimentary tea and coffee in the lobby, free parking, and free WiFi. For dining, there is also a restaurant on site called the Lone Oak Bar & Grille along with a sundry for quick conveniences and snacks. Also on site is an indoor pool. a fitness center, and a business center. There is a meeting/banquet space that is 5,400 SF of flexible space that can accommodate up to 400 guests. The space is perfect for weddings, conventions, and corporate meetings.

Each spacious guestroom is completed with a modern design scheme. Guestrooms are all suites that consist of a refriderator, microwave, and coffee/tea maker. The rooms also have a seating area varying in size, a desk, and smart TVs with included cable and Netflix.

This is a rare opportunity for an individual owner operator or small portfolio owner to acquire and manage expenses correctly. This space offers accomodations for: limited service.