2700 Travis Dr - Hospitality FOR SALE
DeSoto, TX 75115 |
$17,500,000 USD
661-910-8003
2700 Travis Dr
DeSoto, TX 75115
HIGHLIGHTS
- • Institutional-quality Marriott extended-stay hotel with 99 all-suite rooms
- • Offered with strong in-place performance and minimal $150K PIP
- • Current occupancy of 81.7% with projected 2025 growth to 83.3% with new projects in the area underway
- • Located just 15 minutes south of Downtown Dallas with direct access to I-35E
- • Positioned within the Dallas–Fort Worth MSA, one of the fastest-growing economies in the U.S.
OVERVIEW
Hotel Brokers of America is pleased to present the TownePlace Suites Dallas DeSoto, a 99-key, extended-stay Marriott asset located just 15 minutes south of Downtown Dallas. Positioned in the growing DeSoto submarket, this institutional-quality property benefits from strong in-place cash flow, minimal PIP requirements, and a premium brand affiliation.
FOR SALE DETAILS
PRICE
$17,500,000 USD
PRICE/SF
$181 USD /SF
# OF ROOMS
99
PRICE/ROOM
$176,768 {currency}
CAP RATE
8.43%
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
TownePlace Suites Dallas DeSoto
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2009
PARKING SPACES
108
LAND DETAILS
LAND ACRES
2.06 AC
LAND SF
89,734 SF
ZONING
PD-125
APN/PARCEL ID
20089110003A10000
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661-910-8003
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661-910-8003
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