713-577-1760
5001 Whitestone Ln, Plano, TX for Sale
Hospitality - FOR SALE
1/5
null | Request Cap Rate

5001 Whitestone Ln
Plano, TX 75024


HIGHLIGHTS

  • High-quality and lender-owned fee-simple real estate
  • Convenient location, providing easy access to multiple commercial and corporate campuses in the area
  • Substantial upside potential to reduce expenses and enhance operational efficiency

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

126

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Residence Inn Dallas Plano/Legacy

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1998

PARKING SPACES

150

LAND DETAILS

LAND ACRES

3.8 AC

LAND SF

165,524 SF

ZONING

CE

APN/PARCEL ID

R-2828-00C-001R-1

ASK ABOUT THIS PROPERTY

Michael YuCBRE, Inc.More Info
713-577-1760

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Michael YuCBRE, Inc.More Info
713-577-1760

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