Marcus & Millichap’s National Hospitality Division is pleased to present to qualified investors the Courtyard by Marriott Dallas Addison/Midway, an upscale, select-service Marriott hotel located at 4165 Proton Drive in Addison, Texas. Offered at $11,500,000 and $79,310 per key, the Property represents an exceptional opportunity to acquire a well-positioned asset in one of Dallas–Fort Worth’s most resilient and business-driven lodging submarkets. The 145-room Courtyard, situated on 4.14 acres with 168 parking spaces, was originally constructed in 1987 and significantly renovated in 2012.
The Hotel benefits from the strength of the Marriott brand, broad appeal to corporate and leisure travelers, and a full suite of amenities including an outdoor pool, fitness center, on-site restaurant, and 1,248 square feet of flexible meeting and event space. Strategically located near Addison Airport, Galleria Dallas, and major corporate corridors, the Property benefits from exceptional regional connectivity and proximity to a dense collection of demand generators. Addison is home to more than 2,000 businesses across diverse industries, including Hilton, Concentra, Bennigan’s, Mary Kay Cosmetics, and Hitachi Consulting.
PROPERTY HIGHLIGHTS
- Upscale Marriott Brand Affiliation: 145-room Courtyard by Marriott situated on 4.14 acres with 168 parking spaces.
- Comprehensive Amenity Package: Outdoor pool, fitness center, on-site restaurant, and 1,248 SF of meeting/event space across two meeting rooms.
- Operational Flexibility: To be delivered unencumbered by management, allowing ownership to implement revenue, cost, and operational optimization strategies.
- Renovated Asset: Originally constructed in 1987 and significantly updated in 2012, supporting long-term competitiveness in the submarket.
- Resilient Submarket Performance: Addison remains one of the Dallas area’s most stable lodging environments, driven by strong corporate clustering and controlled hotel development.
- High Barrier-to-Entry Environment: Addison’s stringent FF&E and meeting-space requirements greatly limit new supply, preserving long-term asset value.
LOCATION HIGHLIGHTS
- Prime Addison Positioning: Located in the heart of Addison’s thriving Platinum Corridor with immediate access to the Dallas North Tollway, I-635, and President George Bush Turnpike.
- Corporate Demand Generators: Surrounded by major employers including Hilton, Concentra, Bennigan’s corporate offices, Mary Kay Cosmetics, Hitachi Consulting, and thousands of regional businesses.
- Proximity to Airports & Retail: Minutes from Addison Airport and Galleria Dallas, one of the region’s premier shopping and entertainment destinations.
- Walkable Urban Environment: Addison remains one of Texas’ highest-density business districts with strong white-collar employment and year-round corporate travel.
- Business-Forward Municipality: Consistently ranked as the #1 city in Texas to start a business and a top suburb for young professionals, further strengthening long-term hospitality demand.
MARKET HIGHLIGHTS
- Located in the Nation’s 3rd-Largest Metro: The DFW metroplex continues to outperform national averages in population and employment growth, contributing roughly one-third of Texas’ GDP.
- Diverse Economic Base: Supported by major industries including finance, technology, professional services, logistics, and life sciences—driving stable lodging performance.
- Strong Transportation Network: Excellent accessibility to airports, tollways, and regional connectors supporting both corporate and leisure travel.
- Sustained In-Migration: Companies and highly skilled workers continue relocating to DFW, increasing long-term hospitality demand across all chain scales.
- High Barrier-to-Entry Submarket Within a High-Growth Region: Addison’s restrictions on new hotel supply enhance the Property’s competitive positioning and long-term revenue stability.
