1480 US Highway 287 N - Hospitality FOR SALE
Mansfield, TX 76063 |
1480 US Highway 287 N
Mansfield, TX 76063
HIGHLIGHTS
- Fee simple interest in the institutionally owned and third party managed, 82-room Fairfield Inn & Suites offered at a discount to replacement cost.
- Situated approximately 15 miles south of Arlington between Dallas and Fort Worth and near DFW Airport, American Airlines, and AT&T Stadium.
- Recently renovated in 2018-2019 and will be delivered unencumbered of management and debt, can retain Fairfield flag upon Marriott approval.
- Migration trends heavily favor Texas as residents are attracted to the quality of life and as business leaders seek the pro-business environment.
- Trailing three month RevPAR increased 48% year over year and March 2022 T12 RevPAR has surpassed 2019 RevPAR.
- Dallas-Fort Worth MSA with a population of 7.7M residents is home to the most Fortune 500 company headquarters in the US.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
Fairfield Inn & Suites Dallas Mansfield
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
50650
STORIES
3
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2009
PARKING SPACES
83
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
C-2
APN/PARCEL ID
41332725
