Staybridge Suites DFW Airport North, TX

Listing Agents

Kami Burnette
T | 512.574.1786
kburnette@paramountlodging.com

Mason McDavid
T | 512.543.4653
mmcdavid@paramountlodging.com

Detailed Information
Property Highlights

UNDER CONTRACT

  • Fee simple interest in the 100-room Staybridge Suites DFW Airport North offered via receivership sale
  • Property is available for purchase in the September 22nd auction event via TenX
  • All suites / extended stay product with pre-COVID +$95 RevPAR offered at substantial discount to replacement cost
  • 2008 build asset with ability to retain the IHG flag for a new long-term license upon completion of the change of ownership PIP
  • Strong operational upside for new ownership with property under receiver management since January 2022
  • Adjacent to Interstate-635 and directly accessible to 150,000 vehicles passing the location daily
  • DFW recorded +62MM passengers in 2021 (59% passenger growth of 2020) and anticipates +78MM passengers in 2022
  • Optimal time to be investing in Irving with newly announced planned Wells Fargo development calling for 800,000 SF of  newly constructed office anticipated  to house upwards of 4,000 employees
  • Ideally situated in Irving TX – accessible to all local demand generators including DFW Airport, Irving Convention Center, and Toyota Music Factory
  • Proximate to all broader area DFW demand including AT&T Stadium, American Airlines Arena, downtown Dallas, and Downtown Fort Worth
  • Migration trends continue to heavily favor Texas with strong quality of life and pro-business / low tax environment drawing residents and corporate relocations from across the country
Location

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