Courtyard by Marriott DFW Airport North/Irving, TX

UNDER CONTRACT

• Fee simple interest in the privately owned and managed 153-room Courtyard by Marriott DFW Airport North/Irving
• Ability to acquire the hotel unencumbered of management and retain the Courtyard flag for a long-term license upon completion of the change-of-ownership PIP
• The hotel completed a $1.4M renovation in 2019, including installing new exterior skin & signage, replacing all lobby, lounge, bistro tables, chairs, & carpet and guest bathrooms
• Upon completion of the PIP buyer has the opportunity to capitalize on the global economic recovery as a newly renovated airport hotel in a major MSA as corporate travel returns to pre-pandemic levels
• Ideally situated in Irving, TX between Dallas, and Fort Worth and proximate to all key regional demand drivers including DFW Airport, American Airlines, and AT&T Stadium
• DFW Airport recorded passenger traffic of 62.4M in 2021 which represents a 59% increase over 2020 passenger activity and traffic has already exceeded 15M YTD through March 2022
• Situated directly adjacent to Interstate 635 with approximately 150,000 vehicles passing the location daily
• Migration trends continue to heavily favor Texas as residents are attracted to the quality of life and as business leaders seek the pro-business environment and lesser tax burden