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Hotel-Motel

Comfort Suites DFW North Grapevine

1805 Enchanted Way, Grapevine, TX 76051

Listing Price: Request For Offer

RevPAR
$35
Year Built
2005

Investment Overview

Prime Location: Located just off the interchange of Highway 121 and Interstate 635, and situated adjacent to the Hampton Inn & Suites Grapevine, the Comfort Suites is highly visible to the transient travelers. The Property is situated less than five miles from Legoland Discovery Centre, Sea Life Grapevine, Bass Pro Shops Outdoor World, Grapevine Mills Mall, historic Main Street, Nash Farms, Grapevine Vintage Railroad and Gaylord Texas Resort and Convention Center. The DFW International airport is located 2.5 miles from the subject hotel. Building Attributes: Opened in 2005, and well-maintained, the five-story upper-midscale concrete construction Hotel features 96 guest rooms, fitness center, outdoor pool, business center, and airport shuttle. Airport Proximity: The Hotel is situated 2.5 miles from the Dallas-Fort Worth International Airport, the fourth-busiest airport by passenger traffic in the world. RevPAR Penetration: The Hotel performed in line with the STR-defined market competitive set and recorded a RevPAR of about $85.75, resulting in a RevPAR penetration index of 95 percent in 2019. Well-Performing Asset: In 2019, the Subject Property achieved room revenues just under $3M and a net operating income of $875,000 or 28.6 percent in terms of income as a percentage of total revenues, after a four percent FFE reserve and three percent management fee reserve. Choice Hotels International Brand: The Property’s access to Choice’s loyalty program and powerful distribution system gives it a major competitive edge. Choice embraces over 45 million loyal members and has recorded over $7.6 billion in reservations. Fee Simple Offering: The Property is offered fee simple and unencumbered by any management or debt.

Investment Highlights

  • 5-Story, 96-Room, Upper-Midscale Concrete Construction Hotel Built in 2005
  • Highly Visible at the Intersection of Highway 121 and Interstate 635
  • Less than 2.5 Miles from the fourth busiest airport by passenger traffic in the world, the Dallas-Fort Worth International Airport
  • 2019 Room Revenues Slightly Below $3M and Net Operating Income of $875K
  • Fee Simple Offering, Unencumbered by Management Contract or Debt

Exclusively Listed By

Financing By

Hotel-Motel

Comfort Suites DFW North Grapevine

Listing Price: Request For Offer

RevPAR
$35
Year Built
2005

Investment Highlights

  • 5-Story, 96-Room, Upper-Midscale Concrete Construction Hotel Built in 2005
  • Highly Visible at the Intersection of Highway 121 and Interstate 635
  • Less than 2.5 Miles from the fourth busiest airport by passenger traffic in the world, the Dallas-Fort Worth International Airport
  • 2019 Room Revenues Slightly Below $3M and Net Operating Income of $875K
  • Fee Simple Offering, Unencumbered by Management Contract or Debt

Investment Overview

Prime Location: Located just off the interchange of Highway 121 and Interstate 635, and situated adjacent to the Hampton Inn & Suites Grapevine, the Comfort Suites is highly visible to the transient travelers. The Property is situated less than five miles from Legoland Discovery Centre, Sea Life Grapevine, Bass Pro Shops Outdoor World, Grapevine Mills Mall, historic Main Street, Nash Farms, Grapevine Vintage Railroad and Gaylord Texas Resort and Convention Center. The DFW International airport is located 2.5 miles from the subject hotel. Building Attributes: Opened in 2005, and well-maintained, the five-story upper-midscale concrete construction Hotel features 96 guest rooms, fitness center, outdoor pool, business center, and airport shuttle. Airport Proximity: The Hotel is situated 2.5 miles from the Dallas-Fort Worth International Airport, the fourth-busiest airport by passenger traffic in the world. RevPAR Penetration: The Hotel performed in line with the STR-defined market competitive set and recorded a RevPAR of about $85.75, resulting in a RevPAR penetration index of 95 percent in 2019. Well-Performing Asset: In 2019, the Subject Property achieved room revenues just under $3M and a net operating income of $875,000 or 28.6 percent in terms of income as a percentage of total revenues, after a four percent FFE reserve and three percent management fee reserve. Choice Hotels International Brand: The Property’s access to Choice’s loyalty program and powerful distribution system gives it a major competitive edge. Choice embraces over 45 million loyal members and has recorded over $7.6 billion in reservations. Fee Simple Offering: The Property is offered fee simple and unencumbered by any management or debt.

Exclusively Listed By

Financing By

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