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Hotel-Motel

Holiday Inn Express & Suites Irving Convention Center Las Colinas

333 W John Carpenter Fwy, Irving, TX 75039

Listing Price: Request For Offer

Number of Rooms
127
RevPAR
$51
Gross SF
124,146
Year Built
1997

Investment Overview

Diverse Demand Generators: The Hotel is located in Las Colinas with 27.4 million square feet of office space near McKesson Headquarters (2.2 miles), Kimberly-Clark Corporation (1.2 miles), Medical City Las Colinas (2.2 miles), and the University of Dallas (3.7 miles). Irving is also home to the Toyota Music Factory, a large entertainment hub that brings in thousands of visitors for concerts and events (0.9 miles). Additionally, the Irving Convention Center, a 275,000-square-foot meeting and exhibit complex is located adjacent to the Hotel. The Irving Convention Center hosts conferences, weddings, celebrations, board meetings, parties, sporting events, and expos year-round. Additional Nearby Demand Generators Dallas-Fort Worth International Airport - DFW Airport is the fourth-largest airport in the U.S., based on passenger boarding, recording 62,465,756 in the year 2021. This airport spans a total of 17,207 acres, which is larger than the island of Manhattan, making it the second-largest airport by land area. Toyota Music Factory -The Pavilion at Toyota Music Factory is a unique, open-air pavilion containing a 2,500-person theater, 4,000-person indoor theater, 8,000-person amphitheater, and 20 restaurants and bars. AT&T Stadium -This retractable roof stadium is home to the Dallas Cowboys. It seats around 80,000 people but can be reconfigured to hold around 100,000 seats, making it the largest stadium in the NFL by seating capacity. Gables Water Street - One of Irving’s newest hot spots, Water Street has pathways to the breathtaking Lake Carolyn, new residential buildings, and unique restaurants attracting locals and tourists. Water Street is a great place to spend a day with friends or family. Irving Convention Center - A 275,000-square-foot meeting and exhibit complex located just half a mile from the Hotel. The Irving Convention Center services an average of 247,000 people annually, and hosts conferences, weddings, celebrations, board meetings, parties, sporting events, and expos.

Investment Highlights

  • The Hotel is situated off John Carpenter Freeway and W. Northwest Highway, which records daily traffic counts of over 126,500 travelers.
  • The six-story, concrete structure features 127 guestrooms, an outdoor pool, business center, laundry facility, fitness center, an 870-square-foot meeting room, breakfast area, and sundry shop.
  • Unencumbered Offering: The Hotel is offered fee simple, unencumbered by management contract or debt.
  • Headquarters of Headquarters: Irving-Las Colinas calls itself the "Headquarters of Headquarters" due to having more headquarters per capita than any other city. There are eight Fortune 500 companies, including Celanese (1.0 miles), Vistra Energy (2.4 miles), and Fluor Corporation (2.1 miles), five Fortune 1000 companies, and 150 foreign-based companies in Irving-Las Colinas. With over 8,500 businesses, Irving-Las Colinas is the second-largest employment center in North Texas and has an estimated
  • Proximity to Airports: Located less than seven miles from the Dallas-Fort Worth International Airport, the Property is a short drive from the fourth-largest airport in the U.S., based on passenger boarding. Dallas Love Field is located ten miles from the Property.
  • Fully Renovated Asset with Growing Revenue Trendline: The Property went through a complete renovation during 2019 and 2020, and is anticipated to post higher than historical revenues in forthcoming years. The Hotel features oversized guest rooms that are up-to-date with IHG's Formula Blue requirements.

Exclusively Listed By

Hotel-Motel

Holiday Inn Express & Suites Irving Convention Center Las Colinas

Listing Price: Request For Offer

Number of Rooms
127
RevPAR
$51
Gross SF
124,146
Year Built
1997

Investment Highlights

  • The Hotel is situated off John Carpenter Freeway and W. Northwest Highway, which records daily traffic counts of over 126,500 travelers.
  • The six-story, concrete structure features 127 guestrooms, an outdoor pool, business center, laundry facility, fitness center, an 870-square-foot meeting room, breakfast area, and sundry shop.
  • Unencumbered Offering: The Hotel is offered fee simple, unencumbered by management contract or debt.
  • Headquarters of Headquarters: Irving-Las Colinas calls itself the "Headquarters of Headquarters" due to having more headquarters per capita than any other city. There are eight Fortune 500 companies, including Celanese (1.0 miles), Vistra Energy (2.4 miles), and Fluor Corporation (2.1 miles), five Fortune 1000 companies, and 150 foreign-based companies in Irving-Las Colinas. With over 8,500 businesses, Irving-Las Colinas is the second-largest employment center in North Texas and has an estimated
  • Proximity to Airports: Located less than seven miles from the Dallas-Fort Worth International Airport, the Property is a short drive from the fourth-largest airport in the U.S., based on passenger boarding. Dallas Love Field is located ten miles from the Property.
  • Fully Renovated Asset with Growing Revenue Trendline: The Property went through a complete renovation during 2019 and 2020, and is anticipated to post higher than historical revenues in forthcoming years. The Hotel features oversized guest rooms that are up-to-date with IHG's Formula Blue requirements.

Investment Overview

Diverse Demand Generators: The Hotel is located in Las Colinas with 27.4 million square feet of office space near McKesson Headquarters (2.2 miles), Kimberly-Clark Corporation (1.2 miles), Medical City Las Colinas (2.2 miles), and the University of Dallas (3.7 miles). Irving is also home to the Toyota Music Factory, a large entertainment hub that brings in thousands of visitors for concerts and events (0.9 miles). Additionally, the Irving Convention Center, a 275,000-square-foot meeting and exhibit complex is located adjacent to the Hotel. The Irving Convention Center hosts conferences, weddings, celebrations, board meetings, parties, sporting events, and expos year-round. Additional Nearby Demand Generators Dallas-Fort Worth International Airport - DFW Airport is the fourth-largest airport in the U.S., based on passenger boarding, recording 62,465,756 in the year 2021. This airport spans a total of 17,207 acres, which is larger than the island of Manhattan, making it the second-largest airport by land area. Toyota Music Factory -The Pavilion at Toyota Music Factory is a unique, open-air pavilion containing a 2,500-person theater, 4,000-person indoor theater, 8,000-person amphitheater, and 20 restaurants and bars. AT&T Stadium -This retractable roof stadium is home to the Dallas Cowboys. It seats around 80,000 people but can be reconfigured to hold around 100,000 seats, making it the largest stadium in the NFL by seating capacity. Gables Water Street - One of Irving’s newest hot spots, Water Street has pathways to the breathtaking Lake Carolyn, new residential buildings, and unique restaurants attracting locals and tourists. Water Street is a great place to spend a day with friends or family. Irving Convention Center - A 275,000-square-foot meeting and exhibit complex located just half a mile from the Hotel. The Irving Convention Center services an average of 247,000 people annually, and hosts conferences, weddings, celebrations, board meetings, parties, sporting events, and expos.

Exclusively Listed By

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