901-674-6105
205 Central Expy N, Allen, TX for Sale
Hospitality - FOR SALE
1/37
null | Request Cap Rate

205 Central Expy N
Allen, TX 75013


OVERVIEW

o Featuring 87 Guestrooms in a 4-story interior corridor building o Formula Blue™ renovation completed in 2021; minimal change of ownership PIP expected. o Prime Location in Allen, TX, Near Dallas: Strategically positioned in a thriving suburb of Dallas, TX, one of the largest and most economically stable cities in the U.S., offering unparalleled long-term growth potential, strong demand drivers, and access to major economic hubs, ensuring stability and sustained investor value. o Historical Performance o 2024 Revenue of $1.77M o 2023 Revenue of $1.93M o 2022 Revenue of $1.74M o Upside Potential: The hotel’s current RevPAR is approximately 13.2% below its competitive set, as per the Trailing-12 Month November 2024 STR Report, highlighting a significant opportunity to drive growth through enhanced revenue management and strategic operational improvements. o Market Alignment Opportunity: Meeting and exceeding RevPAR index could elevate room revenue significantly, unlocking substantial investor value. o Strategically located along Highway 75 (average daily traffic of 169,500) in Allen, Texas, a suburb of Metro Dallas Area, providing excellent visibility and accessibility to major attractions and businesses. o Convenient access to both Dallas Love Field (35 min drive) and Dallas-Fort Worth International Airport (30 min drive) ensures connectivity for out-of-town visitors. o Surrounded by key economic hubs such as Allen Tech Hub, One Allen Center, and The Farm, which attract significant business traffic and long-term growth opportunities. o Just 5 minutes from One Bethany at Watters Creek, a 17-acre office park with 325,000+ sq. ft. of Class A office space, attracting significant business travel. o Part of the Denton/Lewisville/McKinney submarket, which boasts higher-than-average occupancy (68.3%) and growing ADR ($107.47) compared to regional benchmarks. o Located in a thriving community with projected population growth of 24.34% (1 mile radius) and median household incomes exceeding $84,000 within the immediate area.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

87

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites Dallas NE Allen

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2005

PARKING SPACES

110

LAND DETAILS

LAND ACRES

2.12 AC

LAND SF

92,430 SF

ZONING

CC, PD-54

APN/PARCEL ID

R-1890-00D-12R1-1

ASK ABOUT THIS PROPERTY

Suresh PatelMoon Realty USA, LLCMore Info
901-674-6105

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

Suresh PatelMoon Realty USA, LLCMore Info
901-674-6105

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