- Six-Story, 127-Room, Upper-Midscale Hotel within the Dallas-Fort Worth MSA
- Ideal Position at the Intersection of John Carpenter Freeway and W. Northwest Highway
- Prominent Demand Generators such as McKesson Headquarters, Kimberly-Clark Corporation, Medical City Las Colinas, the University of Dallas, Toyota Music Factory, and the Irving Convention Center
- Less than Seven Miles from Dallas-Fort Worth International Airport and Ten Miles from Dallas-Love Field Airport
- Offered Fee-Simple, Unencumbered by a Management Contract or Debt
Investment Highlights
Prime Location: The Hotel is situated off John Carpenter Freeway and W. Northwest Highway, which records daily traffic counts of over 126,500 travelers. The Hotel’s position offers access to many area attractions such as multiple art centers, business centers, golf clubs, and airports.
Building Attributes: The six-story, upper-midscale concrete structure features 127 guest rooms, an outdoor pool, business center, laundry facility, fitness center, an 870-square-foot meeting room, breakfast area, and sundry shop.
Diverse Demand Generators: The Hotel is located in Las Colinas with 27.4 million square feet of office space near McKesson Headquarters (2.2 miles), Kimberly-Clark Corporation (1.2 miles), Medical City Las Colinas (2.2 miles), and the University of Dallas (3.7 miles). Irving is also home to the Toyota Music Factory, a large entertainment hub that brings in thousands of visitors for concerts and events (0.9 miles). Additionally, the Irving Convention Center, a 275,000-square-foot meeting and exhibit complex is located adjacent to the Hotel. The Irving Convention Center hosts conferences, weddings, celebrations, board meetings, parties, sporting events, and expos year-round.
Headquarters of Headquarters: Irving-Las Colinas calls itself the “Headquarters of Headquarters” due to having more headquarters per capita than any other city. There are eight Fortune 500 companies, including Celanese (1.0 miles), Vistra Energy (2.4 miles), and Fluor Corporation (2.1 miles), five Fortune 1000 companies, and 150 foreign-based companies in Irving-Las Colinas. With over 8,500 businesses, Irving-Las Colinas is the second-largest employment center in North Texas and has an estimated 262,067 jobs.
Proximity to Airports: Located less than seven miles from the Dallas-Fort Worth International Airport, the Property is a short drive from the fourth-largest airport in the U.S., based on passenger boarding. Dallas Love Field is located ten miles from the Property.
Fully Renovated Asset with Growing Revenue Trendline: The Property went through a complete renovation during 2019 and 2020, and is anticipated to post higher than historical revenues in forthcoming years. The Hotel features oversized guest rooms that are up-to-date with IHG's Formula Blue requirements.
Unencumbered Offering: The Hotel is offered fee simple, unencumbered by management contract or debt.
