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Hotel-Motel

Hyatt Place Dallas - Garland - Richardson

5101 N President George Bush Hwy, Garland, TX 75040

Listing Price: Request For Offer

RevPAR
$43
Year Built
2009

Investment Overview

Property Offering: Fee-simple interest in the institutionally owned and third party managed 153-room Hyatt Place Dallas - Garland - Richardson in Garland, Texas. (‘Hotel’ or ‘Property’). The subject select-service Property also features approximately 13,000 square feet of flexible banquet/conference/meeting space, an industrial-grade kitchen, and an additional 2,000 square feet of outdoor special events space including gazebo. The Property offers one of the largest event spaces in the Garland/Richardson area, which is a huge value add and revenue generating component of this Hotel. Highly Visible with Easy Accessibility: The Property is conveniently accessible off President George Bush Highway and nearby prominent neighboring suburbs including Richardson and Plano, two of Dallas-Fort Worth’s largest suburbs by population. Steel Frame Construction with City Tax Incentives: The building, completed in 2009, sits on 6.35 acres and is constructed with a steel and concrete frame with masonry exterior on a reinforced concrete slab foundation. The Hotel receives portion of the city occupancy tax rebate from the city of Garland each year through 2029. Local Demand Generators: The Hotel is in close proximity to local Garland area demand generators including Firewheel Town Center (2.2 miles), Gilbreath-Reed Career and Technical Center (0.3 miles), Hawaiian Falls Garland (1.3 miles), and Lake Ray Hubbard (11.8 miles). The Property is also located approximately five miles from headquarters and/or regional offices for State Farm Insurance, Raytheon Technologies, Geico, and Blue Cross Blue Shield of Texas. The Richardson’s Telecom Corridor is located about seven miles from the Hotel. Curtis Culwell Center: Located directly across Naaman Forest Boulevard from the Hotel, the $31.5 million Curtis Culwell Center hosts sporting events, concerts, conferences, trade shows, and graduations across the 190,000 square feet of space and the 6,860-seat arena. Dallas - Fort Worth Metropolitan Statistical Area: The Property is located within the highly sought-after Dallas-Fort Worth Metropolitan Area, which records over 7.6M residents, making the Metroplex the most populous in Texas and 4th largest in the United States. Premier Hyatt-Branded Asset: The Hotel maintains brand affiliation with Hyatt Hotels Corporation and benefits from one of the most recognized guest loyalty programs in the lodging industry. Unencumbered Offering: The Hotel is offered unencumbered by debt and management with the ability to retain the Hyatt Place brand.

Investment Highlights

  • 6-Story, 153-Room, Hyatt Hotels Corporation-Branded Hotel Built in 2009
  • Excellent Location off President George Bush Turnpike, a Major Highway Looping through the Northern, Northeastern, and Western Suburbs of Dallas
  • Readily Accessible to Major Dallas Suburbs like Richardson and Plano
  • Close Proximity to the Cities Key Demand Generators
  • Offered Fee Simple, Unencumbered by Debt and Management

Exclusively Listed By

Financing By

Hotel-Motel

Hyatt Place Dallas - Garland - Richardson

Listing Price: Request For Offer

RevPAR
$43
Year Built
2009

Investment Highlights

  • 6-Story, 153-Room, Hyatt Hotels Corporation-Branded Hotel Built in 2009
  • Excellent Location off President George Bush Turnpike, a Major Highway Looping through the Northern, Northeastern, and Western Suburbs of Dallas
  • Readily Accessible to Major Dallas Suburbs like Richardson and Plano
  • Close Proximity to the Cities Key Demand Generators
  • Offered Fee Simple, Unencumbered by Debt and Management

Investment Overview

Property Offering: Fee-simple interest in the institutionally owned and third party managed 153-room Hyatt Place Dallas - Garland - Richardson in Garland, Texas. (‘Hotel’ or ‘Property’). The subject select-service Property also features approximately 13,000 square feet of flexible banquet/conference/meeting space, an industrial-grade kitchen, and an additional 2,000 square feet of outdoor special events space including gazebo. The Property offers one of the largest event spaces in the Garland/Richardson area, which is a huge value add and revenue generating component of this Hotel. Highly Visible with Easy Accessibility: The Property is conveniently accessible off President George Bush Highway and nearby prominent neighboring suburbs including Richardson and Plano, two of Dallas-Fort Worth’s largest suburbs by population. Steel Frame Construction with City Tax Incentives: The building, completed in 2009, sits on 6.35 acres and is constructed with a steel and concrete frame with masonry exterior on a reinforced concrete slab foundation. The Hotel receives portion of the city occupancy tax rebate from the city of Garland each year through 2029. Local Demand Generators: The Hotel is in close proximity to local Garland area demand generators including Firewheel Town Center (2.2 miles), Gilbreath-Reed Career and Technical Center (0.3 miles), Hawaiian Falls Garland (1.3 miles), and Lake Ray Hubbard (11.8 miles). The Property is also located approximately five miles from headquarters and/or regional offices for State Farm Insurance, Raytheon Technologies, Geico, and Blue Cross Blue Shield of Texas. The Richardson’s Telecom Corridor is located about seven miles from the Hotel. Curtis Culwell Center: Located directly across Naaman Forest Boulevard from the Hotel, the $31.5 million Curtis Culwell Center hosts sporting events, concerts, conferences, trade shows, and graduations across the 190,000 square feet of space and the 6,860-seat arena. Dallas - Fort Worth Metropolitan Statistical Area: The Property is located within the highly sought-after Dallas-Fort Worth Metropolitan Area, which records over 7.6M residents, making the Metroplex the most populous in Texas and 4th largest in the United States. Premier Hyatt-Branded Asset: The Hotel maintains brand affiliation with Hyatt Hotels Corporation and benefits from one of the most recognized guest loyalty programs in the lodging industry. Unencumbered Offering: The Hotel is offered unencumbered by debt and management with the ability to retain the Hyatt Place brand.

Exclusively Listed By

Financing By

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