Hotel-Motel
Fairfield Inn & Suites Dallas Park Central
9230 Lyndon B Johnson Fwy, Dallas, TX 75243
Listing Price: Request For Offer
Investment Overview
As the exclusive representative of the seller, Marcus & Millichap’s National Hospitality Division is pleased to present for sale to qualified investors the 172-room Dallas Portfolio (‘Hotels’ or ‘Properties’) including the Fairfield Dallas Park Central and Homewood Suites Dallas. Combined these high-quality assets have achieved an average room revenue upwards of $3.1 million each year since 2019. The portfolio is ideally positioned in the market with both properties recording over 100% market penetration. Located in a high growth and affluent Dallas MSA, these properties operate with a competitive edge as they outperform the market standard. Positioned off Interstate 635 near State Highway 75, the portfolio is strategically located by a vast majority of northern Dallas’ various businesses and attractions. Furthermore, the Dallas Love Field Airport and DFW International Airport are both located about 20 minutes from the two Hotels. Countless nearby demand generators surround the Properties, some of which include Top Golf, Royal Oaks Country Club, Play Street Museum, and Meadows Museum. In addition to the demand drivers in the immediate vicinity of the portfolio, Downtown Dallas is located roughly 20 minutes away. A bustling hub of businesses, attractions, and restaurants, Downtown Dallas has experienced strong organic growth since the early 2000s. Many developments have engaged the city core significantly with Victory Park, the Arts District, the Trinity River, and the Convention Center corridor all undergoing improvements. For instance, Victory Park, one of the nation’s most successful unused land reclamation projects, is home to the American Airlines Center, several high-rise hotels, residential towers, and office buildings. Another significant addition to the area, the new Perot Museum of Nature and Science is a $185 million, 14-story, ultra-modern museum to Downtown Dallas that opened in late 2012. Recently completing a massive 10-year construction project within one of the world’s largest arts districts, the Dallas Arts District now maintains a 2,300-seat opera house, a series of theaters, residential space, retail, parks, and Museum Tower. The 42-story residential tower opened in 2013 just a block away from the Dallas Museum of Art, the most prominent attraction in the district. Despite being littered by a wide array of demand drivers, Downtown Dallas also features a highly successful business sector that companies like AT&T, Comerica, TM Advertising, Tenet Healthcare, 7-Eleven, and Energy Future Holdings Corporation have headquarters in. Towering buildings such as Whitacre Tower, Comerica Bank Tower, Fountain Place, and Reunion Tower line the downtown corridor and house the city’s top employers. A staple of the Dallas Skyline since 1978, Reunion Tower, more affectionately known as “The Ball” by locals, is a part of the Hyatt Regency Hotel complex and features a three-story observation deck. Reunion Tower is also equipped with a revolving restaurant called Antares, a club known as The Dome, and Cloud 9, which provides a 360-degree view of the city. Each Hotel maintains brand affiliation with Marriott International and Hilton Hotels & Resorts, respectively, global category leaders that remain simple to build and operate. Marriott’s International Brand Affiliation provides the world’s largest travel loyalty program, Marriott Bonvoy. Marriott’s global platform has over 160 million users and helps drive top-line revenue and bottom-line cost savings. Hilton’s award-winning guest loyalty program, Hilton Honors, has nearly 146 million members that can save when booking with any of the company’s 18 world-class brands. All Properties are offered fee simple and unencumbered by any management or debt.
Investment Highlights
- The Marriott-branded hotel is a three story, 94-room, limited-service property built in 1998.
- The hotel is positioned within the Dallas-Fort Worth MSA, the second largest MSA in Texas; Located along the I-635 corridor, the property is highly visible from the expressway.
- The Dallas Love Field Airport and Dallas-Fort Worth International Airport are located 14 miles and 20 miles away respectively from the subject property.
- Currently institutionally owned and third-party managed, a new owner-operator can see potential upside through a reduction in hotel operational expenses. The asset is in need of significant capital improvements. Implementation of brand mandated change of ownership PIP will allow a prospective buyer to not only present an upgraded modern product in the market but also command higher rates and achieve better occupancies resulting in above comp-set average performance.
- The hotel comes well-equipped with a convenience store, restaurant, meeting space, gift shop, laundry facility, fitness center, business center, indoor pool, and breakfast area.
- The Property is offered fee simple and unencumbered by any management contracts or existing debt.
- The Dallas Arboretum and Botanical Gardens, Southern Methodist University, Medieval Times, Fair Park, Dallas Market Center, Victory Park, Uptown, Downton Dallas, Richland College, Medical City Dallas Hospital, NorthPark and Galleria Malls, and Downtown Dallas, Fossil, Texas Instruments, AT&T headquarters, American Airlines Center and Dallas Convention Center.
- I-635 East Project is a $1.74 billion roadway construction project by the Texas Department of Transportation (TxDOT) Construction began in the spring of 2020. The substantial anticipated completion of this project in 2024 is expected to result in congestion-less traffic movement on I-635 between Hwy 75 and I-30, which will highly benefit the subject property.
Exclusively Listed By
Financing By
Listing Price: Request For Offer
Investment Highlights
- The Marriott-branded hotel is a three story, 94-room, limited-service property built in 1998.
- The hotel is positioned within the Dallas-Fort Worth MSA, the second largest MSA in Texas; Located along the I-635 corridor, the property is highly visible from the expressway.
- The Dallas Love Field Airport and Dallas-Fort Worth International Airport are located 14 miles and 20 miles away respectively from the subject property.
- Currently institutionally owned and third-party managed, a new owner-operator can see potential upside through a reduction in hotel operational expenses. The asset is in need of significant capital improvements. Implementation of brand mandated change of ownership PIP will allow a prospective buyer to not only present an upgraded modern product in the market but also command higher rates and achieve better occupancies resulting in above comp-set average performance.
- The hotel comes well-equipped with a convenience store, restaurant, meeting space, gift shop, laundry facility, fitness center, business center, indoor pool, and breakfast area.
- The Property is offered fee simple and unencumbered by any management contracts or existing debt.
- The Dallas Arboretum and Botanical Gardens, Southern Methodist University, Medieval Times, Fair Park, Dallas Market Center, Victory Park, Uptown, Downton Dallas, Richland College, Medical City Dallas Hospital, NorthPark and Galleria Malls, and Downtown Dallas, Fossil, Texas Instruments, AT&T headquarters, American Airlines Center and Dallas Convention Center.
- I-635 East Project is a $1.74 billion roadway construction project by the Texas Department of Transportation (TxDOT) Construction began in the spring of 2020. The substantial anticipated completion of this project in 2024 is expected to result in congestion-less traffic movement on I-635 between Hwy 75 and I-30, which will highly benefit the subject property.
Investment Overview
As the exclusive representative of the seller, Marcus & Millichap’s National Hospitality Division is pleased to present for sale to qualified investors the 172-room Dallas Portfolio (‘Hotels’ or ‘Properties’) including the Fairfield Dallas Park Central and Homewood Suites Dallas. Combined these high-quality assets have achieved an average room revenue upwards of $3.1 million each year since 2019. The portfolio is ideally positioned in the market with both properties recording over 100% market penetration. Located in a high growth and affluent Dallas MSA, these properties operate with a competitive edge as they outperform the market standard. Positioned off Interstate 635 near State Highway 75, the portfolio is strategically located by a vast majority of northern Dallas’ various businesses and attractions. Furthermore, the Dallas Love Field Airport and DFW International Airport are both located about 20 minutes from the two Hotels. Countless nearby demand generators surround the Properties, some of which include Top Golf, Royal Oaks Country Club, Play Street Museum, and Meadows Museum. In addition to the demand drivers in the immediate vicinity of the portfolio, Downtown Dallas is located roughly 20 minutes away. A bustling hub of businesses, attractions, and restaurants, Downtown Dallas has experienced strong organic growth since the early 2000s. Many developments have engaged the city core significantly with Victory Park, the Arts District, the Trinity River, and the Convention Center corridor all undergoing improvements. For instance, Victory Park, one of the nation’s most successful unused land reclamation projects, is home to the American Airlines Center, several high-rise hotels, residential towers, and office buildings. Another significant addition to the area, the new Perot Museum of Nature and Science is a $185 million, 14-story, ultra-modern museum to Downtown Dallas that opened in late 2012. Recently completing a massive 10-year construction project within one of the world’s largest arts districts, the Dallas Arts District now maintains a 2,300-seat opera house, a series of theaters, residential space, retail, parks, and Museum Tower. The 42-story residential tower opened in 2013 just a block away from the Dallas Museum of Art, the most prominent attraction in the district. Despite being littered by a wide array of demand drivers, Downtown Dallas also features a highly successful business sector that companies like AT&T, Comerica, TM Advertising, Tenet Healthcare, 7-Eleven, and Energy Future Holdings Corporation have headquarters in. Towering buildings such as Whitacre Tower, Comerica Bank Tower, Fountain Place, and Reunion Tower line the downtown corridor and house the city’s top employers. A staple of the Dallas Skyline since 1978, Reunion Tower, more affectionately known as “The Ball” by locals, is a part of the Hyatt Regency Hotel complex and features a three-story observation deck. Reunion Tower is also equipped with a revolving restaurant called Antares, a club known as The Dome, and Cloud 9, which provides a 360-degree view of the city. Each Hotel maintains brand affiliation with Marriott International and Hilton Hotels & Resorts, respectively, global category leaders that remain simple to build and operate. Marriott’s International Brand Affiliation provides the world’s largest travel loyalty program, Marriott Bonvoy. Marriott’s global platform has over 160 million users and helps drive top-line revenue and bottom-line cost savings. Hilton’s award-winning guest loyalty program, Hilton Honors, has nearly 146 million members that can save when booking with any of the company’s 18 world-class brands. All Properties are offered fee simple and unencumbered by any management or debt.
Exclusively Listed By
Financing By

