11331 West Kingsley Road, Dallas, TX 75338
- Limited Service , Midscale
Holiday Inn Express & Suites is a 90-room, interior corridor newly constructed hotel in Dallas, Texas. Strategically located directly off Interstate 635, this new development is scheduled to open in the second half of 2017. This four-story hotel features breakfast and dining area, on-site business center, indoor pool, fitness center, two meeting rooms and wireless internet access. Each guest room is equipped with air conditioning, mini refrigerator, microwave, coffee maker, hair dryer, iron/ironing board, flat-screen TV, work desk with lamp and wireless internet access.
Dallas, Texas, is the largest urban center of the fourth most populous metropolitan area in the United States. The city is home to the third-largest concentration of Fortune 500 companies in the nation. The property is approximately five miles from major employers such as Texas Instruments, City of Garland, and Baylor Medical Center. Holiday Inn Express & Suites is located just 17 miles from downtown Dallas and in close proximity to the area’s major recreational attractions such as Lake Ray Hubbard, Dallas Convention Center, and American Airlines Center.
The property site is located nine miles from Galleria Mall Dallas and five miles from TopGolf Dallas. The Holiday Inn Express & Suites site is approximately 25 miles from the Dallas/Fort Worth International Airport and 17 miles from the Dallas Love Field Airport.
The Holiday Inn Express & Suites is offered as a new turnkey, fee simple delivery to a prospective investor at $10.8M or $120,000 per room. The hotel’s pro forma financials are projected based on market and competitive set; at an anticipated RevPAR of almost $68 in the Year 1 Pro Forma and $82 for Year 2 Pro Forma. The Net Operating Income is calculated based on a standard average of approximately 37 percent, which results in $845,000 NOI in the Year 1 Pro Forma and $1.018M in Year 2 Pro Forma.
Agent for this listing
Senior Managing Director Investments, National Hospitality Group
Office: (972) 755-5302
Mobile: (972) 786-2719
Fax: (972) 755-5210