The Holiday Inn Express Frisco Legacy Park Area is an upper midscale hotel featuring 121 spacious guest rooms and several amenities such as a swimming pool, guest laundry, fitness area, sundries shop, business center, and 4,032 sq ft of meeting space. The Property is a five-story interior corridor hotel located in Frisco, Texas.
Frisco, Texas, is a fast-growing city in the Dallas-Fort Worth area. The city’s popularity from a residential and commercial real estate perspective has driven up the cost of land, and city’s strict construction rules requiring non-combustible buildings for commercial buildings has escalated construction expenses. High land and construction costs, complex zoning and permit processes, impact fees, and infrastructure considerations are adding to the barriers to entry. Frisco’s thriving economy including major corporate relocations and population growth, proximity to major attractions like PGA headquarters and the proposed Universal entertainment complex, etc. makes the subject investment offering all the more attractive from a replacement cost, and future capital appreciation perspective.
The Property is visible from the Dallas North Tollway and is nestled within the West Plano/Frisco submarket. The area is home to modern neighborhoods, entertainment, and corporate headquarters, including Toyota Motor North America, Boeing Global Services, Dr. Pepper Snapple Group, Frito Lay, Dell Services, and the Dallas Cowboys Headquarters and entertainment district, The Star.
Fee simple interest in 2007 built, 121-rooms Hotel is offered unencumbered by management, brand and debt.
The investment opportunity allows a potential Purchaser to acquire this hotel unencumbered of brand at significantly below replacement cost. Multiple re-positioning opportunities are available for the next owner including Spark Hilton. Contact listing agent for more information.
The Dallas Economy is one of the strongest and most diverse in the country supporting a broad range of businesses in key long-term growth industries including oil/gas, Aerospace/defense, transportation, healthcare, and financial services. The market consistently ranks as one of the top regions in the nation for conducting business. Major contributing factors to its growth include a low cost of living, a business-friendly environment, a strong base of well-educated and skilled employees, and unmatched access to both U.S. and world markets through its transportation network. Dallas-Fort Worth is home to 24 Fortune 500 companies including ExxonMobile, AT&T, Southwest Airlines, J.C. Penney, and Texas Instruments.
