The Holiday Inn Express & Suites Plano West - Frisco, features 80 spacious guest rooms across three stories, along with amenities such as an outdoor pool, fitness center, business center, sundry shop, and 350 square feet of meeting space. Located at 3101 Dallas Parkway in Plano, Texas, the hotel enjoys high visibility along the Dallas North Tollway, which sees over 200,000 vehicles in average daily traffic.
The Dallas-Fort Worth Metropolitan Statistical Area (DFW MSA) is one of the fastest-growing regions in the U.S., with a population exceeding 7.6 million and a robust economy driven by technology, finance, healthcare, and logistics. This business-friendly environment, along with diverse corporate headquarters and a vibrant tourism sector, ensures a steady influx of travelers, making the DFW MSA an attractive market for hotel investment.
Plano’s location within the DFW MSA provides excellent connectivity via major highways, including the Dallas North Tollway and the President George Bush Turnpike. The area is approximately 25 miles from Dallas/Fort Worth International Airport and 20 miles from Dallas Love Field Airport. High demand and limited land availability create significant barriers to entry for new competitors, solidifying the property’s market position and enhancing growth potential.
Plano is emerging as a key economic hub, with a population of over 280,000 and a growth rate of 5.5% from 2020 to 2023. Home to over 72 companies on the Forbes Global 2000 list, the city thrives in industries like electronics, telecommunications, and financial services. Major employers, including JP Morgan Chase (~10,500 employees), Bank of America (~6,000 employees), Capital One Finance (~5,500 employees), Toyota Motor North America (~4,900 employees), PepsiCo (~3,750 employees), Ericsson (~3,300 employees), AT&T Foundry and Services (~2,500 employees), Liberty Mutual Insurance Company (~2,100 employees), USAA (2,000 employees), NTT Data, Inc. (~2,045 employees), Fannie Mae (~2,000 employees), JCPenney Company (~2,000 employees), Samsung Electronics America (~1,800 employees) and Fisher Investments (~1,700 employees) contribute to a steady influx of business travelers, making Plano ideal for hospitality investment.
Plano’s strong higher education and healthcare sectors drive hotel demand. The University of Texas at Dallas and Collin College attract thousands of students. A robust network of healthcare facilities is nearby including Texas Health Presbyterian Hospital Plano (0.6 miles) offers comprehensive services across oncology, cardiology, and orthopedics, while the Texas Back Institute Plano (0.3 miles) features a team of 18 specialized physicians in areas such as orthopedic spine surgery and pain management. Additionally, the nearby Children’s Medical Center Plano (4.2 miles) provides exceptional pediatric care, and Baylor Scott & White Medical Center – Plano (4.6 miles) delivers critical services in neurology and emergency care, complemented by the focused expertise of Baylor Scott & White the Heart Hospital – Plano (4.6 miles) in cardiovascular health. Lastly, Medical City Plano (5.4 miles) stands as a prominent 603-bed facility renowned for trauma, heart services, and women’s health. Medical City Plano (~2,300 employees) and Texas Health Plano (~1,600 employees) also serve as major employers in Plano.
The property’s location in Plano offers proximity to high-traffic demand generators and attractions, such as The Shops at Legacy (2 miles), Legacy West (1.5 miles), Prestonwood Baptist Church – Plano Campus (1.8 miles), Dr Pepper Ballpark (4 miles), and The Ford Center at The Star (5 miles). With outdoor recreation options at Arbor Hills Nature Preserve (7 miles) and event venues like the North Texas Performing Arts (0.9 miles) and The Plano Event Center (8 miles), the area attracts substantial visitor traffic, further enhancing the property’s appeal as a prime hotel investment.
