Texoma 35 LLC Sells 83-Room Fairfield Inn & Suites Gainesville I-35 With Brokers Kami Burnette & Mason McDavid
1300 North Interstate 35
Building Size
—
Asset Type
Hotel
Closing
Mar 27, 2026
AI
The transaction involved the sale of an 83-room hotel, the Fairfield Inn & Suites Gainesville I-35, located at 1300 North Interstate 35 in Gainesville. It was built in 2019 and features amenities such as an indoor pool, fitness center, business center, and 450 square feet of meeting space.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: Not disclosed
- Address: 1300 North Interstate 35
- Market: Gainesville
- Asset Type: Hotel
- Keys: 83
- Seller: Texoma 35 LLC
- Broker Representation: Kami Burnette & Mason McDavid - Hunter Hotel Advisors
The seller, Texoma 35 LLC, was represented by brokers Kami Burnette and Mason McDavid from Hunter Hotel Advisors, who facilitated the transaction. This representation is crucial in the context of the sale, highlighting the expertise of the brokerage in handling hotel property transactions.
Players
Gainesville Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93