Hotel For Sale • 217,789 SF
| The Hotel is being sold free & clear of debt, and without a management company in place, providing a new owner with operational control |
| With only one, new, competitive hotel currently under construction, or in the final planning stage in the submarket, there is a low risk of supply sat |
| The value-add proposition is based on repositioning the property through an acquisition of a new brand |
| “Low Basis” Opportunity: The Hotel is being offered at both a discount to replacement cost and at a discount to previous sales of like-kind hotels |
| The seller is a private equity firm based in Houston. The Hotel is an outlier within the owner’s real estate portfolio. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Trinity Mills Station (Green Line - Dallas Area Rapid Transit (DART)) | 9 min | - | 6.0 mi |
| Downtown Irving/Heritage Crossing Station (TRINITY RAILWAY - Dallas Area Rapid Transit (DART), Trinity Railway Express - Dallas Area Rapid Transit (DART)) | 14 min | - | 9.6 mi |
| Airport | Drive | Walk | Distance |
| Dallas Love Field | 17 min | - | 8.6 mi |
| Dallas-Fort Worth International | 20 min | - | 14.2 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 467 |
| Type: | Surface |
| Included in Rent: | Yes |