917-596-6578
1515 N IH 35, DeSoto, TX for Sale
Hospitality - FOR SALE
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1515 N IH 35
DeSoto, TX 75115


HIGHLIGHTS

  • Interior is fully cleared and prepared for immediate commencement of construction
  • Comprehensive design, architectural plans, franchise approval, and numerous updates completed
  • Franchise key money available - reducing hard costs
  • Full-service operations: banquet and meeting space
  • Robust demand generators: Downtown Dallas, Convention Center, DeSoto Civic Center, Methodist Charlton Medical Center, regional sports complex
  • 30 minutes from DFW International Airport

OVERVIEW

Amiti Bhow of NewGen Advisory is pleased to present a unique development opportunity to acquire a shovel-ready hotel project located in DeSoto, Texas—just minutes from Downtown Dallas. This 150-key, formerly operating hotel, has been cleared for redevelopment and is approved for conversion to a Radisson-branded full-service property. Alternative flags may also be considered, offering flexibility for experienced hospitality developers. The property has undergone significant preparation for redevelopment: all FF&E has been removed, the interior has been fully cleaned out, building permits have been approved, architectural drawings are complete, and a general contractor has been identified. This advanced stage of readiness significantly reduces development risk and accelerates the timeline to market re-entry. Strategically positioned as the only full-service hotel in proximity to the Convention Center, the asset also lies just minutes from a newly developed $100 million athletic complex, further enhancing its appeal to a broad demand base including business travelers, sports teams, and event-goers. This opportunity is ideally suited for capable developers with the financial capacity and operational experience to complete a high-impact hospitality project. With a substantial discount to replacement cost and a clear path to completion, this offering represents an exceptional value proposition in a thriving submarket of the Dallas-Fort Worth Metroplex.

FOR SALE DETAILS

PRICE

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# OF ROOMS

148

CAP RATE

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TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hotel Development (Dallas South)

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1987

PARKING SPACES

266

LAND DETAILS

LAND ACRES

4.28 AC

LAND SF

186,437 SF

ZONING

PD

APN/PARCEL ID

20113150000120000

ASK ABOUT THIS PROPERTY

Amiti BhowNewGen AdvisoryMore Info
917-596-6578

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Amiti BhowNewGen AdvisoryMore Info
917-596-6578

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.