Holiday Inn Express & Suites Forney
110 E Highway 80
Forney, TX 75126
Highlights
- 80 rooms available below replacement value
- Underperforming Property due to owner absentee management
- Running 3 months performing at 63% occupancy index compared to its compset
- Value add upside opportunity for owner operator
- Minimal to No PIP for new ownership
- Amazon is putting a new distribution center 4 miles from Holiday Inn Express
- Easy accessibility and visibility from Highway 80
- Near manufacturing, transportation, and warehouse facilities
- Interior corridors built in 2019
Description
We are pleased to present the 80-key Holiday Inn Express & Suites Forney, listed exclusively with Tabani Realty. The limited-service hotel asset is located near U.S. highway 80 and is 25 minutes from downtown Dallas. According to the Texas Department of Transportation this section of highway has a 24-hour traffic volume between 60,117 and 64,558 vehicles per day. The property benefits from its prime location surrounded by restaurants, shops, and near large manufacturing warehouses. Forney, Texas is the fastest-growing county and a hub for transportation, warehousing, manufacturing, and construction. Amazon is putting a new distribution center 4 miles from Holiday Inn Express.
Forney, Texas is a vibrant city in Kaufman County, the fastest-growing county in the country. Located 20 miles east of Dallas, the city is popular among families and young professionals. Forney, Texas has a recent population of 23,870 which is rapidly increasing. With the city’s close proximity to Dallas and Fort Worth, Forney offers visitors many activities and cultural attractions to explore. Forney’s economy is anchored by transportation, warehousing, manufacturing, and construction. Several residential and commercial developments are currently underway in the submarket including a massive Amazon distribution complex.
The Holiday Inn Express Forney has excellent highway accessibility and visibility from US Highway 80, and is surrounded by restaurants and shops for guest to enjoy including Rio Lerma, Applebee's Grill + Bar, and Alfredo's Steakhouse.
