- 105-room Hampton Inn & Suites in Frisco, Texas
- Concrete and Steel Construction
- Part of the Dallas–Fort Worth employment hub
- Highly sought-after Hilton branded franchise
- Value-add opportunity to add 26 additional rooms
- Numerous demand drivers: corporate, retail, sports & entertainment
Investment Overview:
Marcus & Millichap has been retained to exclusively market for sale the Hampton Inn & Suites – Legacy Park in Frisco, Texas. This 105-room hotel, about 25 miles north of Dallas, is equipped with amenities that include an outdoor pool & spa, fitness center, business center, and a complimentary breakfast buffet. Each hotel room is equipped with a flat-screen television, work desk with a lamp, and a seating area. Select suites include a separate living area.
The hotel went through a major renovation in 2018, whereby the current ownership spent approximately $3.5M in capital expenditures. In addition, there is a value-add opportunity to add 26 additional guest rooms to the existing 105 rooms, thus increasing the total room count to 131, and potentially reduce the average cost per room basis in the asset. Contact the listing agents to review the City of Frisco approved plans for the additional rooms.
This hotel represents an opportunity to acquire a highly sought-after Hampton Inn & Suites franchise hotel in the desirable Dallas-Fort Worth metropolitan area. Besides strong corporate room night demand generators, other demand drivers for the property include numerous nearby sports and entertainment venues, shopping malls, and leisure and nightlife offerings.
Location Overview:
Frisco, Texas is part of the Dallas–Fort Worth metroplex and is about 25 miles from both
Dallas Love Field and Dallas/Fort Worth International Airport. The 2019 census estimate placed the city population at 200,490.
Frisco was the fastest-growing city in the United States in 2017, and also the fastest-
a growing city in the nation from 2000 to 2009. In the late 1990s, the northern Dallas–Fort Worth suburban development tide spilled into Frisco, sparking rapid growth into the 2000s. Like many of the cities in the northern suburbs of Dallas, Frisco serves as a bedroom community for professionals who work in Dallas–Fort Worth.
Frisco has many retail properties, including Stonebriar Centre, a 165-store regional mall, Sam Moon Center, and Grandscape. Retail establishments and restaurants line Preston Road, one of the major north-south traffic arteries in the city.
Sports venues include the Star, the 91-acre campus of the Dallas Cowboys World
Headquarters and practice facility and which also includes the Ford Center, a 12,000-seat
indoor stadium. Other sports and entertainment venues in Frisco include Dr. Pepper Ballpark, home of the minor league baseball team the Frisco Roughriders, Hawaiian Falls Water Park, and Toyota Stadium, a soccer stadium primarily used by FC Dallas.
In addition, the new 106,622-square-foot headquarters for the PGA of America is expected to be completed in Frisco in 2022.
Major employers in Frisco include the Frisco Independent School District, with 6,190
employees, T-Mobile with 1500, Amerisource with 1,100, and the city of Frisco with 1,100.
Bordering Frisco to the south is the city of Plano, home to roughly 285,000 residents, several Fortune 1000 companies, and more than 10,000 businesses. Plano is the ninth-largest city in Texas and the fourth largest in the Dallas–Fort Worth region.
Numerous corporations maintain headquarters in Plano, including JCPenney, Alliance Data Systems, Rent-a-Center, Cinemark Holdings, Keurig Dr. Pepper, Frito-Lay, FedEx Office, and Toyota North America.
The Dallas–Fort Worth Employment Hub:
Texas is one of three states in the U.S. that have 50 or more Fortune 500 headquarters. At 50, Texas is behind only New York State (58). Dallas–Fort Worth is the third-largest metroplex in the country to have more than 20 Fortune 500 headquarters, with 22, behind New York–Newark–Jersey City (65) and Chicago-Naperville-Elgin (33).
