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Hotel-Motel

Cambria Hotel Richardson-Dallas

3605 Shire Blvd, Richardson, TX 75082

Listing Price: Request For Offer

Number of Rooms
119
RevPAR
$77
Gross SF
98,010
Year Built
2019

Investment Overview

Building Attributes: The upscale Cambria Hotel Richardson-Dallas, features 119 spacious guestrooms spread throughout four stories. The Hotel was built in 2019 on 2.25 acres and is in Richardson, Texas. The Hotel offers several attractive amenities, including a full-service restaurant, 2,100 square feet of meeting space, a fitness center, and an indoor pool.

Prime Location: Located just off the President George Bush Turnpike, the property is easily accessible from the expressway. President George Bush Turnpikes daily traffic count exceeds 150,000 cars per day, driving significant room nights demand from business and leisure travelers.

Raytheon Technologies: The Hotel sits adjacent to Raytheon Technologies, which is a multinational aerospace and defense conglomerate. It is the largest aerospace, intelligence services provider, and defense manufacturers in the world by revenue and market capitalization. The Raytheon corporation focuses on research, development and manufacture of advanced technology products for aircraft engines, avionics, aerostructures, cybersecurity, missiles, air defense systems, and drones. They are also one of the largest military contractors and derive a significant portion of its revenue from the U.S. government. The Raytheon location in Richardson is one of the biggest corporate demand generators for the Cambria Richardson-Dallas.

Richardson, TX Submarket: The Hotel is in an affluent Dallas-Fort Worth, Texas market with year-over-year income growth of approximately 5.5 percent, boasting a median household income of nearly $81,000. Richardsons largest employment base is sectored in the insurance industry, with Blue Cross and Blue Shield of Texass headquarters, a regional hub for GEICO, regional offices for United Healthcare, and State Farms Insurances headquarters.

Corporate and Leisure Demand Generators: The nearby mixed-used development, CityLine DFW, houses major corporations such as Raytheon, CenturyLink, State Farm, and The Common Desk. Reynolds Business Parkhome to many local startupsis less than five miles away.

The Dallas-Fort Worth Telecom Corridor: More than 5,700 companies, including 600 technology companies, are headquartered in the area, including significant players such as AT&T, Alcatel-Lucent, Ericsson, Verizon, Samsung, Texas Instruments, and MetroPCS. DallasFort Worth is the third-largest metroplex in the country to have more than 20 Fortune 500 headquarters, with 22, behind New YorkNewarkJersey City (65) and Chicago-Naperville-Elgin (33).

Preferred by Corporate Travelers: The Cambria brand is quickly becoming the preferred brand by corporate travelers ranking 1st in seven categories in the Business Travel News 2019 Hotel Brands Survey. The brand is positioned to capitalize on the ever-increasing corporate demand from the telecom corridor.

Investment Highlights

  • Four Story, 119-Room, Upscale Cambria Hotel Richardson - Dallas
  • Like-New Construction in The Desirable Richardson, TX Submarket Built in 2019
  • Prime location in the Dallas-Fort Worth Telecom Corridor
  • Strong Corporate Demand Drivers: MetroPCS, GEICO, State Farm Insurance, etc.
  • Located directly next to the Raytheon Headquarters

Exclusively Listed By

Hotel-Motel

Cambria Hotel Richardson-Dallas

Listing Price: Request For Offer

Number of Rooms
119
RevPAR
$77
Gross SF
98,010
Year Built
2019

Investment Highlights

  • Four Story, 119-Room, Upscale Cambria Hotel Richardson - Dallas
  • Like-New Construction in The Desirable Richardson, TX Submarket Built in 2019
  • Prime location in the Dallas-Fort Worth Telecom Corridor
  • Strong Corporate Demand Drivers: MetroPCS, GEICO, State Farm Insurance, etc.
  • Located directly next to the Raytheon Headquarters

Investment Overview

Building Attributes: The upscale Cambria Hotel Richardson-Dallas, features 119 spacious guestrooms spread throughout four stories. The Hotel was built in 2019 on 2.25 acres and is in Richardson, Texas. The Hotel offers several attractive amenities, including a full-service restaurant, 2,100 square feet of meeting space, a fitness center, and an indoor pool.

Prime Location: Located just off the President George Bush Turnpike, the property is easily accessible from the expressway. President George Bush Turnpikes daily traffic count exceeds 150,000 cars per day, driving significant room nights demand from business and leisure travelers.

Raytheon Technologies: The Hotel sits adjacent to Raytheon Technologies, which is a multinational aerospace and defense conglomerate. It is the largest aerospace, intelligence services provider, and defense manufacturers in the world by revenue and market capitalization. The Raytheon corporation focuses on research, development and manufacture of advanced technology products for aircraft engines, avionics, aerostructures, cybersecurity, missiles, air defense systems, and drones. They are also one of the largest military contractors and derive a significant portion of its revenue from the U.S. government. The Raytheon location in Richardson is one of the biggest corporate demand generators for the Cambria Richardson-Dallas.

Richardson, TX Submarket: The Hotel is in an affluent Dallas-Fort Worth, Texas market with year-over-year income growth of approximately 5.5 percent, boasting a median household income of nearly $81,000. Richardsons largest employment base is sectored in the insurance industry, with Blue Cross and Blue Shield of Texass headquarters, a regional hub for GEICO, regional offices for United Healthcare, and State Farms Insurances headquarters.

Corporate and Leisure Demand Generators: The nearby mixed-used development, CityLine DFW, houses major corporations such as Raytheon, CenturyLink, State Farm, and The Common Desk. Reynolds Business Parkhome to many local startupsis less than five miles away.

The Dallas-Fort Worth Telecom Corridor: More than 5,700 companies, including 600 technology companies, are headquartered in the area, including significant players such as AT&T, Alcatel-Lucent, Ericsson, Verizon, Samsung, Texas Instruments, and MetroPCS. DallasFort Worth is the third-largest metroplex in the country to have more than 20 Fortune 500 headquarters, with 22, behind New YorkNewarkJersey City (65) and Chicago-Naperville-Elgin (33).

Preferred by Corporate Travelers: The Cambria brand is quickly becoming the preferred brand by corporate travelers ranking 1st in seven categories in the Business Travel News 2019 Hotel Brands Survey. The brand is positioned to capitalize on the ever-increasing corporate demand from the telecom corridor.

Exclusively Listed By

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