214-403-4615
2645 Lyndon B Johnson Fwy, Dallas, TX for Sale
Hospitality - FOR SALE
1/43
null | Request Cap Rate

2645 Lyndon B Johnson Fwy
Dallas, TX 75234


HIGHLIGHTS

  • The Hotel is being sold free & clear of debt, and without a management company in place, providing a new owner with operational control
  • With only one, new, competitive hotel currently under construction, or in the final planning stage in the submarket, there is a low risk of supply sat
  • The value-add proposition is based on repositioning the property through an acquisition of a new brand
  • “Low Basis” Opportunity: The Hotel is being offered at both a discount to replacement cost and at a discount to previous sales of like-kind hotels
  • The seller is a private equity firm based in Houston. The Hotel is an outlier within the owner’s real estate portfolio.

OVERVIEW

Bracket Real Estate Inc. is pleased to offer, on an exclusive basis, the opportunity to acquire fee simple interest in the Wyndham Garden Dallas North (the “Property”) a 350-room hotel strategically located at 2645 LBJ Freeway, Farmers Branch, Texas. The Property benefits from its prime location off LBJ Freeway (with an average traffic volume of 235k vehicles per day), providing exceptional visibility and convenient access. The Hotel is near all major demand generators in the area. The city of Farmers Branch is part of the Dallas Ft. Worth Metropolitan Statistical Area (MSA), in North Dallas along LBJ Freeway located midway between Downtown Dallas to the south and Frisco to the north, now the new city central. Offered below replacement cost and with significant upside via the completion of a renovation and a brand change, a new owner is presented with the unique opportunity to drive top-line performance beyond historical benchmarks. Furthermore, by implementing an effective revenue management strategy and improving operational efficiencies a new owner and operator can significantly improve flowthrough to the bottom line. Available any time by appointment. Contact Bob Baker at 214.403.4615 | bob@bracketre.com.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

350

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wyndham Garden Dallas North

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

6

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1970

PARKING SPACES

467

LAND DETAILS

LAND ACRES

7.1 AC

LAND SF

309,276 SF

ZONING

PD

APN/PARCEL ID

24149540000010000

ASK ABOUT THIS PROPERTY

Bob BakerBracket Real Estate, Inc.More Info
214-403-4615

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Bob BakerBracket Real Estate, Inc.More Info
214-403-4615

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.