713-577-1760
6840 N Dallas Pky, Plano, TX for Sale
Hospitality - FOR SALE
1/5
null | Request Cap Rate

6840 N Dallas Pky
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
  • In-place cash flow with market share upside through the completion of the PIP

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

153

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lender-Owned Courtyard Dallas Plano /Legacy

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1998

PARKING SPACES

176

LAND DETAILS

LAND ACRES

3.77 AC

LAND SF

164,108 SF

ZONING

-

APN/PARCEL ID

R-4034-001-0010-1

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.