CBRE Hotels, as sole and exclusive agent of the owner, has been engaged to offer for sale the fee simple interest in the 153-room Courtyard Dallas Plano in Legacy Park (the “Hotel” or “Property”). Located on Dallas Parkway, with immediate access to Dallas North Tollway, the Property offers easy access to a high concentration of both corporate and leisure destinations, including 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 Hotel presents the unique investment opportunity for a new ownership to further drive demand and optimize operational efficiencies within a high-growth market with an asset that has historically produced strong and stable cash flows. By acquiring the hotel and implementing a Property Improvement Plan (PIP), the new owner can leverage
its strategic location and upgraded amenities for higher profitability and attractive exit opportunities.