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Hotel-Motel

Country Inn & Suites Grand Prairie DFW Arlington

2050 N Hwy 360, Grand Prairie, TX 75050

Listing Price: Request For Offer

Number of Rooms
135
RevPAR
$46
Year Built
1986

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 County Inn & Suites Grand Prairie DFW Arlington (‘Hotel’ or ‘Property’). The Radisson Hotels-branded Hotel is offered on a call for offers basis. The Country Inn & Suites is a 135-room, four-story Hotel stationed at 2050 North State Highway 360, at the busy intersection of Carrier Parkway and Highway 360. This Hotel features an outdoor pool, 675 square feet of meeting and event space, fitness center, and business center. Guest rooms offer a flat-screen television, a work desk, and an ironing board. Additional amenities include in-house laundry facilities, administrative office, and a prep kitchen. The Hotel, a former Hampton Inn, was completely renovated in 2017/2018. Grand Prairie, Texas is located in the exciting Dallas-Fort Worth-Arlington (DFW) Metropolitan Statistical Area (MSA). The DFW MSA 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, sturdy base of well-educated and skilled employees, and unmatched access to both U.S. and world markets through its transportation network. The Dallas/Fort Worth International Airport, the fourth busiest airport in the world by passenger travel, is located less than 10 miles from the Property, while the smaller Dallas Love Field Airport is about 18 miles away. The Properties’ ideal location, in the Metroplex's heart, allows easy access to the area’s key business and leisure demand generators, including the Arlington Entertainment District. Nearby leisure demand includes the Esports Stadium–Arlington (3.2 miles), Texas Live! (3.7 miles), Globe Life Park (3.3 miles), Lone Star Park (6.3 miles), Six Flags Over Texas (3.7 miles),AT&T Stadium (Dallas Cowboys Home Stadium) (4.5 miles), and Verizon Theatre at Grand Prairie (6.8 miles). The Hotel further benefits from business travel, attributed to ExxonMobil Corporate Office (13.3 miles), AT&T Corporate Office (11.6 miles), Texas Instruments Incorporated-Headquarters (26.7 miles), Lockheed Martin (6.9 miles), and the University of Texas at Arlington (6.5 miles). The limited-service Hotel underwent a comprehensive renovation in 2017 and 2018, totaling around $2.5 million in renovation costs. In 2019, the Hotel recorded room revenues of over $2.4 million and a net operating income above $821,000 or 34 percent as a percentage of total revenues, after a four percent capital replacement reserve. The Property has been well maintained since conversion and presents a minimal change of ownership PIP for a new investor. This offering represents a unique opportunity to acquire the fee-simple interest in an asset within the sought-after Dallas-Fort Worth MSA at a price well below replacement cost.

Investment Highlights

  • Four-Story, 135-Room, Limited-Service, Midscale Hotel Fully Renovated in 2017
  • Expected to Trade Well Below Replacement Cost
  • Positioned in the Center of the Dallas-Fort Worth-Arlington Metropolitan Statistical Area
  • Prime Location Near Arlington Entertainment District
  • Less than 10 Miles from Dallas/Fort Worth International Airport
  • Offered Fee-Simple, Unencumbered by Management Contract

Exclusively Listed By

Financing By

Hotel-Motel

Country Inn & Suites Grand Prairie DFW Arlington

Listing Price: Request For Offer

Number of Rooms
135
RevPAR
$46
Year Built
1986

Investment Highlights

  • Four-Story, 135-Room, Limited-Service, Midscale Hotel Fully Renovated in 2017
  • Expected to Trade Well Below Replacement Cost
  • Positioned in the Center of the Dallas-Fort Worth-Arlington Metropolitan Statistical Area
  • Prime Location Near Arlington Entertainment District
  • Less than 10 Miles from Dallas/Fort Worth International Airport
  • Offered Fee-Simple, Unencumbered by Management Contract

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 County Inn & Suites Grand Prairie DFW Arlington (‘Hotel’ or ‘Property’). The Radisson Hotels-branded Hotel is offered on a call for offers basis. The Country Inn & Suites is a 135-room, four-story Hotel stationed at 2050 North State Highway 360, at the busy intersection of Carrier Parkway and Highway 360. This Hotel features an outdoor pool, 675 square feet of meeting and event space, fitness center, and business center. Guest rooms offer a flat-screen television, a work desk, and an ironing board. Additional amenities include in-house laundry facilities, administrative office, and a prep kitchen. The Hotel, a former Hampton Inn, was completely renovated in 2017/2018. Grand Prairie, Texas is located in the exciting Dallas-Fort Worth-Arlington (DFW) Metropolitan Statistical Area (MSA). The DFW MSA 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, sturdy base of well-educated and skilled employees, and unmatched access to both U.S. and world markets through its transportation network. The Dallas/Fort Worth International Airport, the fourth busiest airport in the world by passenger travel, is located less than 10 miles from the Property, while the smaller Dallas Love Field Airport is about 18 miles away. The Properties’ ideal location, in the Metroplex's heart, allows easy access to the area’s key business and leisure demand generators, including the Arlington Entertainment District. Nearby leisure demand includes the Esports Stadium–Arlington (3.2 miles), Texas Live! (3.7 miles), Globe Life Park (3.3 miles), Lone Star Park (6.3 miles), Six Flags Over Texas (3.7 miles),AT&T Stadium (Dallas Cowboys Home Stadium) (4.5 miles), and Verizon Theatre at Grand Prairie (6.8 miles). The Hotel further benefits from business travel, attributed to ExxonMobil Corporate Office (13.3 miles), AT&T Corporate Office (11.6 miles), Texas Instruments Incorporated-Headquarters (26.7 miles), Lockheed Martin (6.9 miles), and the University of Texas at Arlington (6.5 miles). The limited-service Hotel underwent a comprehensive renovation in 2017 and 2018, totaling around $2.5 million in renovation costs. In 2019, the Hotel recorded room revenues of over $2.4 million and a net operating income above $821,000 or 34 percent as a percentage of total revenues, after a four percent capital replacement reserve. The Property has been well maintained since conversion and presents a minimal change of ownership PIP for a new investor. This offering represents a unique opportunity to acquire the fee-simple interest in an asset within the sought-after Dallas-Fort Worth MSA at a price well below replacement cost.

Exclusively Listed By

Financing By

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