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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
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 GROUP210.696.999610999 IH-10 West,Ste. 175San Antonio, TX 78230
www.singhcommercialgroup.com/
RAV SINGH, [email protected] #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 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.
SINGH COMMERCIAL GROUP210.696.999610999 IH-10 West,Ste. 175San Antonio, TX 78230
www.singhcommercialgroup.com/
RAV SINGH, [email protected] #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 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.
903 Harbor Lakes Drive, Granbury, TX 76048
COMFORT SUITES
HOSPITALITY FOR SALE
SINGH COMMERCIAL GROUP210.696.999610999 IH-10 West,Ste. 175San Antonio, TX 78230
www.singhcommercialgroup.com/
RAV SINGH, [email protected] #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 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.
903 Harbor Lakes Drive, Granbury, TX 76048
COMFORT SUITES
HOSPITALITY FOR SALE
SINGH COMMERCIAL GROUP210.696.999610999 IH-10 West,Ste. 175San Antonio, TX 78230
www.singhcommercialgroup.com/
RAV SINGH, [email protected] #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 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.
903 Harbor Lakes Drive, Granbury, TX 76048
COMFORT SUITES
HOSPITALITY FOR SALE
SINGH COMMERCIAL GROUP210.696.999610999 IH-10 West,Ste. 175San Antonio, TX 78230
www.singhcommercialgroup.com/
RAV SINGH, [email protected] #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 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.
903 Harbor Lakes Drive, Granbury, TX 76048
COMFORT SUITES
HOSPITALITY FOR SALE
903 Harbor Lakes Drive, Granbury, TX 76048
COMFORT SUITES
HOSPITALITY FOR SALE
SINGH COMMERCIAL GROUP210.696.999610999 IH-10 West,Ste. 175San Antonio, TX 78230
www.singhcommercialgroup.com/
RAV SINGH, [email protected] #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 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.
903 Harbor Lakes Drive
903 Harbor Lakes Drive, Granbury, TX 76048
COMFORT SUITES
HOSPITALITY FOR SALE
SINGH COMMERCIAL GROUP210.696.999610999 IH-10 West,Ste. 175San Antonio, TX 78230
www.singhcommercialgroup.com/
RAV SINGH, [email protected] #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 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.
SINGH COMMERCIAL GROUP210.696.999610999 IH-10 West,Ste. 175San Antonio, TX 78230
www.singhcommercialgroup.com/
RAV SINGH, [email protected] #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 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.
903 Harbor Lakes Drive, Granbury, TX 76048
COMFORT SUITES
HOSPITALITY FOR SALE
903 Harbor Lakes Drive, Granbury, TX 76048
COMFORT SUITES
HOSPITALITY FOR SALE
UNIT TYPE COUNT % TOTAL RACK RATE DESCRIPTION
KING 30 42.9
DOUBLE 40 57.1
Totals / Averages 70 100%
SINGH COMMERCIAL GROUP210.696.999610999 IH-10 West,Ste. 175San Antonio, TX 78230
www.singhcommercialgroup.com/
RAV SINGH, [email protected] #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 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.
903 Harbor Lakes Drive, Granbury, TX 76048
COMFORT SUITES
HOSPITALITY FOR SALE
Rav Singh, CCIM
DIRECTOR
BACKGROUND
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
SINGH COMMERCIAL GROUP210.696.999610999 IH-10 West,Ste. 175San Antonio, TX 78230
www.singhcommercialgroup.com/
RAV SINGH, [email protected] #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 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.
SINGH COMMERCIAL GROUP210.696.999610999 IH-10 West,Ste. 175San Antonio, TX 78230
www.singhcommercialgroup.com/
RAV SINGH, [email protected] #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 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.
* Demographic data derived from 2010 US Census
903 Harbor Lakes Drive, Granbury, TX 76048
COMFORT SUITES
HOSPITALITY FOR SALE
ETHNICITY 1 MILE 5 MILES 10 MILES
% HISPANIC 9.2% 9.0% 10.0%
RACE 1 MILE 5 MILES 10 MILES
% WHITE 88.5% 90.8% 90.3%
% BLACK 0.0% 0.5% 0.5%
% ASIAN 2.1% 0.6% 0.6%
% HAWAIIAN 0.0% 0.0% 0.0%
% INDIAN 1.1% 0.9% 0.9%
% OTHER 5.4% 5.9% 6.5%
POPULATION 1 MILE 5 MILES 10 MILES
TOTAL POPULATION 2,046 23,076 48,809
MEDIAN AGE 48.3 46.2 45.3
MEDIAN AGE (MALE) 47.1 44.7 44.1
MEDIAN AGE (FEMALE) 49.3 48.2 46.8
HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES
TOTAL HOUSEHOLDS 930 9,689 19,980
# OF PERSONS PER HH 2.2 2.4 2.4
AVERAGE HH INCOME $73,170 $69,875 $74,028
AVERAGE HOUSE VALUE $158,628 $153,275 $186,744
� � � �
11-2-2015
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
Howard John Flournoy 127300 [email protected] 210.853.0753
Jim McClung 332864 [email protected] 210.696.9996
Rav Singh [email protected] 210.696.9996560351