CBRE Hotels, as sole and exclusive agent of the owner, has been engaged to offer for sale the fee simple interest in the extended-stay 126-room Residence Inn Dallas Plano/Legacy (the “Hotel” or “Property”). Located on Whitestone Lane, the Property offers easy access to a high concentration of both corporate and leisure destinations, including Legacy West, the Comerica Center, the Toyota Stadium, The Star in Frisco, and the outdoor entertainment, dining and shopping destination Grandscape. Additionally, the Hotel is available unencumbered of debt with the opportunity to convert the Marriott management to a franchised location, providing a new owner with significant upside potentials in a vibrant and fast-growing Plano submarket in North Dallas.
The buyer can create a tailored business plan to enhance the Hotel’s market presence and operational efficiency, driving significant revenue and profit growth. By acquiring
the property and implementing a Property Improvement Plan (PIP), the new owner can capitalize on the hotel’s strategic location and upgraded amenities, leading to increased profitability and appealing exit capitalization opportunities.