- Seven-Story, 137-Room, Hilton-Branded, Upscale, Extended-Stay Hotel with Concrete Construction
- Located within the Dallas/Fort Worth MSA about 10 Miles from Downtown Fort Worth and 6.1 Miles from the Historic Fort Worth Stockyards
- Easily Accessible and Highly Visible from the Intersection Interstate 820 and Interstate 35W
- Situated 5 miles from Meecham International Airport, 17 Miles from Dallas/Fort Worth International Airport, and Near Fort Worth’s Largest Employers and Highest Value Businesses
- 12-Month RevPAR in the North Fort Worth Hotel Submarket Up 9.9 Percent as of January 2023 and Trending Upwards
- Offered Fee-Simple, Unencumbered by Management Contracts or Existing Debt at Significantly Below Replacement Cost
Investment Overview
As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Homewood Suites by Hilton Ft. Worth - North at Fossil Creek (‘Hotel’ or ‘Property’) located in Fort Worth, Texas. The Hilton-branded, extended-stay Hotel is on a “call for offers” basis. Please reach out to the listing agent for more information.
The Homewood Suites by Hilton Ft. Worth – North at Fossil Creek is a 137-room, seven-story, upscale, extended-stay property stationed at 3701 Tanacross Drive in Fort Worth, Texas. The institutional-quality asset is built of concrete and steel, and situated just off Interstate 820 and near its intersection with Interstate 35W. Various common area amenities at the Property include an outdoor swimming pool with a whirlpool hot tub, breakfast area, fitness center, meeting space, laundry facility, convenience store, and business center.
This sought-after Hotel benefits from many key industries of the city which include aviation and aerospace, natural gas, life science, corporate and professional, logistics, and manufacturing. American Airlines (14.3 miles) and Lockheed Martin Aeronautics (16.0 miles) are two of the city’s largest employers and prime revenue drivers for the surrounding area. BNSF Railway, which operates one of the largest freight railroad networks in North America, is also a large employer for the Fort Worth Area with their corporate office less than four miles from the Property. Additionally, Fossil Creek Business Park (1.3 miles) has attracted significant attention for businesses within Fort Worth’s industrial submarket, housing corporate offices for major companies such as Lockheed Martin Corporation (1.1 miles), JBI Electrical Systems (1.5 miles), and EXM (1.5 miles). Another major employer that is responsible for a significant portion of the workforce includes the Texas Health Resources (9.5 miles).
The region hosts 9.4 million visitors annually and is amongst the top 50 best places to travel in 2021 according to Travel + Leisure Magazine. An area with a wide variety of guest room generators scattered throughout the region, the city benefits from Fort Worth Meacham International Airport (5.0 miles), Dallas/Fort Worth International Airport (17.1 miles), and Texas Motor Speedway (16.3 miles), which help bring additional revenue to the Hotel through an increase in transient business and leisure travel. Staple Fort Worth demand drivers include the Historic Fort Worth Stockyards (6.5 miles), Fort Worth Zoo (12.8 miles), Sundance Square (10.0 miles), and Fort Worth Botanical Gardens (11.4 miles). Many museums are also located near the Property, the most popular of which include the Fort Worth Museum of Science & History (9.8 miles) and the Fort Worth Aviation Museum (5.7 miles). The Fort Worth Convention Center is another premier venue for one of thousands of major national and international events, including sports, concerts, conventions, and trade shows. Also located near the Hotel, the Golf Club at Fossil Creek is a captivating, Arnold Palmer-designed golf course that’s considered to be one of the best new resort golf courses in the country.
