Hotel-Motel
Sleep Inn & Suites / Mainstay Suites - Lancaster, TX
3508 I-35E, Lancaster, TX 75134
Listing Price: Request For Offer
Investment Overview
As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Dual Branded Sleep Inn & Mainstay Suites Lancaster Dallas South (‘Hotel’ or ‘Property’) located in Lancaster, Texas. The Choice Hotels-branded Hotel is offered on a “Call for Offers” basis. Please contact the listing agent for more information.
The Dual Branded Sleep Inn & Mainstay Suites Lancaster Dallas South is an 80-room, three-story Hotel stationed at 3508 N Interstate 35 in Lancaster, Texas just off Interstate 35. Various common area amenities at the Property include an outdoor pool, fitness center, picnic area, laundry services, and business center.
Lancaster, Texas is a city located in Dallas County, in the southern part of the Dallas-Fort Worth Metroplex. The Hotel’s proximity to some of the city’s popular demand generators allows it to take full advantage of the prominent industries within the local economy. The Lancaster Community Park, Lancaster Veterans Memorial Library, and University of North Texas at Dallas are all under 10 miles from the hotel. Benefiting from its proximity to Dallas, visitors have a short commute to many popular local attractions. Dallas features various demand generators, including the American Airlines Center (12.3 miles), Dallas Cowboys Stadium (22.6 miles), JFK Memorial (11.2 miles), Dallas Aquarium (11.7 miles), Dallas Museum of Art (121 miles), Morton H. Meyerson Symphony Center ( 12.4 miles), and the Nasher Sculpture Center (12.4 miles).
The Dallas Economy is one of the strongest and most diverse in the country supporting a broad range of businesses in key long-term growth industries including oil/gas, Aerospace/defense, transportation, healthcare, and financial services. The market consistently ranks as one of the top regions in the nation for conducting business. Major contributing factors to its growth include low cost of living, business-friendly environment, strong base of well-educated and skilled employees, and unmatched access to both U.S. and world markets through its transportation network. Dallas-Fort Worth is home to 24 fortune 500 companies including ExxonMobile, AT&T, Southwest Airlines, J.C. Penney and Texas Instruments.
Sleep Inn & Suites / Mainstay Suites - Lancaster, TX
Investment Highlights
- Three-Story, 80-Room, Choice Hotels-Branded, Interior-Corridor Hotel
- Located within the Dallas MSA
- Easily Accessible and Highly Visible from Interstate 35
- Situated Near Dallas's Highest Value Businesses
- TTM July 2023 Room Revenues Exceeded $1.9 Million
- Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt
Listing Price: Request For Offer
Investment Highlights
- Three-Story, 80-Room, Choice Hotels-Branded, Interior-Corridor Hotel
- Located within the Dallas MSA
- Easily Accessible and Highly Visible from Interstate 35
- Situated Near Dallas's Highest Value Businesses
- TTM July 2023 Room Revenues Exceeded $1.9 Million
- Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt
Investment Overview
As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Dual Branded Sleep Inn & Mainstay Suites Lancaster Dallas South (‘Hotel’ or ‘Property’) located in Lancaster, Texas. The Choice Hotels-branded Hotel is offered on a “Call for Offers” basis. Please contact the listing agent for more information. The Dual Branded Sleep Inn & Mainstay Suites Lancaster Dallas South is an 80-room, three-story Hotel stationed at 3508 N Interstate 35 in Lancaster, Texas just off Interstate 35. Various common area amenities at the Property include an outdoor pool, fitness center, picnic area, laundry services, and business center. Lancaster, Texas is a city located in Dallas County, in the southern part of the Dallas-Fort Worth Metroplex. The Hotel’s proximity to some of the city’s popular demand generators allows it to take full advantage of the prominent industries within the local economy. The Lancaster Community Park, Lancaster Veterans Memorial Library, and University of North Texas at Dallas are all under 10 miles from the hotel. Benefiting from its proximity to Dallas, visitors have a short commute to many popular local attractions. Dallas features various demand generators, including the American Airlines Center (12.3 miles), Dallas Cowboys Stadium (22.6 miles), JFK Memorial (11.2 miles), Dallas Aquarium (11.7 miles), Dallas Museum of Art (121 miles), Morton H. Meyerson Symphony Center ( 12.4 miles), and the Nasher Sculpture Center (12.4 miles). The Dallas Economy is one of the strongest and most diverse in the country supporting a broad range of businesses in key long-term growth industries including oil/gas, Aerospace/defense, transportation, healthcare, and financial services. The market consistently ranks as one of the top regions in the nation for conducting business. Major contributing factors to its growth include low cost of living, business-friendly environment, strong base of well-educated and skilled employees, and unmatched access to both U.S. and world markets through its transportation network. Dallas-Fort Worth is home to 24 fortune 500 companies including ExxonMobile, AT&T, Southwest Airlines, J.C. Penney and Texas Instruments.
