Hotels for Sale

Holiday Inn Express & Suites Dallas South – Desoto, TX

Address:
DeSoto, Texas
Description:
  • Fee simple interest in the 2007 build, 88-Room Holiday Inn Express & Suites offered at a discount to replace cost
  • Available unencumbered of debt and third-party management with the ability to retain the Holiday Inn Express flag for a new 15 year license
  • Anticipated walk-in cash-on-cash returns in the mid teens with August T12 RevPAR penetration at 110% of comp set
  • Approximately $850,000 (~$10K per key) of recently completed renovations for Formula Blue
  • Situated less than two miles south of the I-35E and I-20 interchange with upwards of 84,000 cars passing the location daily
  • Approximately 13 miles from downtown Dallas and ideally located within the area’s fastest growing suburb
  • Proximate to all regional demand including American Airlines Center, AT&T Headquarters, Dallas Love Field Airport, University of Texas at Dallas, Reunion Tower and Kay Bailey Hutchison Convention Center

Listing Agents

Omari Head
T: 773.315.5704
Email

Kami Burnette
T | 512.831.5605
Email Agent

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