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1300 North Interstate 35

Texoma 35 LLC Sells 83-Room Fairfield Inn & Suites Gainesville I-35 With Brokers Kami Burnette & Mason McDavid
SOLDHotel

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

Kami Burnette

Hunter Hotel Advisors

Broker

$57.5M

vol

15 deals

Broker

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