The hotel is a 10-year-old property with a 120-suite capacity. The hotel is being offered for sale as a “turnkey” operation, meaning that the buyer will receive the entire property, including all furniture, fixtures, and equipment, along with the existing management team. This is a unique opportunity for investors seeking to acquire a well-established, profitable hotel with minimal disruption. The property is situated in a desirable location with high demand for accommodations. The area is experiencing significant growth, with new developments and businesses constantly emerging. This growth is driven by the presence of major employers like Dell, IBM, and HP.

The hotel’s performance is strong, with a 13% increase in room revenue year-to-date (YTD) through June 2024. This success is attributed to diverse demand drivers, including proximity to major industries like oil, gas, and energy companies, hospitals, business centers, shopping malls, restaurants, retail, and entertainment areas. **Detailed Analysis:**

The hotel’s impressive performance is a testament to its strategic location and diverse demand drivers.

The hotel’s strategic location within The Grid provides access to a vibrant community and a plethora of amenities. – The hotel’s design and amenities are tailored to the needs of extended-stay guests, offering a home-like experience. The Residence Inn boasts a fully equipped kitchen, spacious living areas, and comfortable bedrooms. These features cater to the needs of business travelers, families, and individuals seeking a comfortable and convenient stay. – The hotel’s location within The Grid offers a unique advantage in terms of accessibility and convenience. The hotel is situated within walking distance of numerous restaurants, shops, and entertainment venues. This proximity to amenities allows guests to enjoy a vibrant and engaging lifestyle.