Hotels for Sale

HAMPTON BY HILTON INN & SUITES DENTON, TX

Address:
Denton, Texas
Description:
  • Fee simple interest in the institutionally owned and third party managed 85-room Hampton Inn & Suites Denton TX, offered at a substantial discount to replacement cost
  • Property offered for individual sale in the April 7th auction event as part of larger seven asset Texas, Louisiana, and Oklahoma portfolio affording the buyers the opportunity to purchase multiple assets with strong regional operating economies of scale
  • Strong operational upside for prospective buyers with a focused local / regional strategy and market knowledge
  • Ability for qualified buyers to retain the Hampton Inn & Suites flag with a new long-term 15-year license upon completion of the PIP
  • Readily accessible to US Interstate 35, the primary commercial corridor connecting Denton to Dallas, with more than 45,000 vehicles passing the location daily
  • Proximate to local demand drivers including the University of North Texas, Texas’ Women’s University, Peterbilt Motors and all broader Dallas Fort Worth (DFW) metroplex demand including DFW International Airport, Kay Bailey Hutchinson Convention Center and the AT&T Stadium
  • Optimal time to be investing in DFW MSA – home to nearly eight million residents and the highest number of Fortune 500 headquarters within the US
  • Dallas Fort Worth was the fastest growing metropolitan area from 2010-2019 with approximately 1.35MM new residents and is projected to gain another 1.39MM residents by 2029, which will make it the fastest growing metro area in the US for two consecutive decades
  • Ideal opportunity to invest in Texas, as oil prices continue to rally and are approaching 15-month highs
  • Migration trends continue to heavily favor Texas as residents are attracted to the quality of life and as businesses leaders seek the pro-business environment and lesser tax burden

Listing Agents

Kami Burnette
T | 512.831.5605
Email

Mason McDavid
T | 512.543.4653
Email

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