Overview
Marcus & Millichap is pleased to present the Holiday Inn Express & Suites Fort Worth Downtown—an
exceptional 163-room, upper-midscale, six-story concrete reinforced construction, IHG-branded fee simple
hospitality investment located at 1111 West Lancaster Avenue in the heart of downtown Fort Worth, Texas.
Positioned just west of the Fort Worth Central Business District, this asset benefits from a diverse mix of downtown business, government, medical, convention, and leisure demand, supported by strong regional and national connectivity. With immediate access to Interstate 30 and Interstate 35W, proximity to Texas & Pacific Station for commuter rail and Amtrak service, and convenient connectivity to DFW International Airport, the Holiday Inn Express & Suites Fort Worth Downtown stands out as a strategically located, institutional quality asset in one of Texas’ fastest growing urban cores.
Investment Highlights
The property was originally constructed in 1950 and later converted and opened as a hotel in 2008 after extensive renovation. The most recent comprehensive renovation was completed in 2020. These major improvement cycles have produced modern guest accommodations and an enhanced amenity package designed to serve both transient and group oriented travelers. Situated on a 0.94 acre site with 124 parking spaces and approximately 41,054 square feet of gross building area, the hotel is well positioned to capture demand from nearby convention activity, corporate offices, healthcare institutions, and Fort Worth’s expanding tourism economy.
As of December 2025, the 12-month average RevPAR in the Fort Worth CBD/I-820 West Hotel Submarket
continued a positive uptick, indicating steady growth and a lower-risk environment. While the competition
set RevPAR was $105.50 the subject hotel recorded a RevPAR Index of only 78 percent which presents
high untapped potential for a prospective buyer. Leveraging strategic revenue management and targeted
marketing initiatives could increase room revenue to $5.6–$6.2 million at 90% and 100% RGI, respectively,
unlocking significant upside and delivering stronger returns for investors.
INVESTMENT HIGHLIGHTS
• A 163-Room Holiday Inn Express & Suites | Reinforced Concrete Construction 1950 Built / Converted to Hotel 2008 / Recent Renovations in 2020 | Offered Fee Simple and Unencumbered by Management or Debt
• Upper-Midscale IHG-Branded Asset with Modern Amenities
• Six-Story Downtown Location Offering 41,054 Gross Square Feet on a 0.94-Acre Site with 124 Parking Spaces, additional leased parking spots available across the street
• Strong Upside Potential Through Continued Downtown Revitalization, Convention Demand Growth, and Revenue Management Optimization
• Climbing Submarket RevPAR Indicates Steady Growth and Lower-Risk Environment
• Room Revenue Upside Potential to Delivering Stronger Returns
• Offered Significantly Below Replacement Cost
LOCATION HIGHLIGHTS
• Immediate Access to Fort Worth Central Business District, Downtown Fort Worth, and Sundance Square
• Proximity To Fort Worth Convention Center And Texas & Pacific (T&P) Station Providing Commuter Rail And Amtrak Access
• Excellent Regional Connectivity Via Interstate 30 and Interstate 35W with Approximately 27 Miles to DFW International Airport
• Surrounded by Major Medical and Institutional Employers Including Baylor Scott & White Health, Texas Health Resources, Cook Children’s Medical Center, and JPS Health Network
• Near Major Corporate and Defense Employers Include Lockheed Martin, American Airlines / AMR Corp, Bell Helicopter (Textron), BNSF Railway, and Raytheon Technologies
• Minutes From Top Leisure and Cultural Attractions Including Fort Worth Stockyards, Dickies Arena, Fort Worth Water Gardens, Bass Performance Hall, and Downtown Museums
Operating Summary
Photo Gallery
