Courtyard by Marriott DFW Airport North/Irving, TX

Listing Agents

Kami Burnette
T | 512.574.1786
kburnette@paramountlodging.com

Scott Griemsmann
T: 415.419.5765
sgriemsmann@paramountlodging.com
DRE #01336236

Detailed Information
Property Highlights

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
Location

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