2645 Lyndon B Johnson Fwy - Hospitality FOR SALE
Dallas, TX 75234 |
2645 Lyndon B Johnson Fwy
Dallas, TX 75234
HIGHLIGHTS
- The Hotel is being sold free & clear of debt, and without a management company in place, providing a new owner with operational control
- With only one, new, competitive hotel currently under construction, or in the final planning stage in the submarket, there is a low risk of supply sat
- The value-add proposition is based on repositioning the property through an acquisition of a new brand
- “Low Basis” Opportunity: The Hotel is being offered at both a discount to replacement cost and at a discount to previous sales of like-kind hotels
- The seller is a private equity firm based in Houston. The Hotel is an outlier within the owner’s real estate portfolio.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
STATUS
Demolished
BUILDING DETAILS
PROPERTY NAME
Wyndham Garden Dallas North
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
217789
STORIES
6
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
1980
PARKING SPACES
467
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
PD
APN/PARCEL ID
24149540000010000
