214-216-0529
5055 N President George Bush Hwy, Garland, TX for Sale
Hospitality - FOR SALE
1/5
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5055 N President George Bush Hwy
Garland, TX 75040


HIGHLIGHTS

  • Well-built, high-quality, limited-service asset
  • Strategic location proximate to diversified demand drivers
  • Across the street from the Curtis Culwell Center state-of-the-art multipurpose facility
  • Strong in-place cash flow with continued market share upside through completion of the PIP
  • Dynamic and thriving economic landscape with continued growth
  • First Tru by Hilton built in the State of Texas

OVERVIEW

Boldface Hospitality Advisors (“BHA”), as sole and exclusive agent for the owner, has been retained to offer for sale the fee-simple interest in the 2018- built, 91-room, Tru by Hilton Garland Richardson (“Property” or “Hotel”) located at 5055 N President George Bush Hwy, Garland, TX 75040. The Property has produced a stellar financial performance since ownership acquired the asset in June 2019. Conveniently situated in the northeast Dallas MSA, the Hotel offers prime accessibility off President George Bush Turnpike and near Texas State Highway 78, with proximity to other major highways including I-635 and US 75. The Hotel is proximate to several key corporate and leisure demand generators, such as The Firewheel Town Center Mall (over 120 stores, making it one of the largest malls in DFW), Strike & Reel (epicenter of entertainment with movie theater, bowling alley, bumper cars and arcades), Hawaiian Falls Garland, CityLine Office Complex (State Farm’s Regional Hub and Raytheon’s state-of-the-art office complex, 6 million square feet of office space, and 200,000+ square feet of restaurant, retail and entertainment space), The University of Texas at Dallas, Granville Arts Center, Urban Air Trampoline & Adventure Park, Downtown Garland (brand new park and dozens of local restaurants), the Chua Dao Quang Buddhist Temple (a weekend favorite, opens doors to the public on weekends and hosts a local market), and Methodist Medical Center. The Hotel is also next door to the Curtis Culwell Center, Naaman Forest High school and the Gilbreath-Reed Career and Technical Center, as well as walking distance from several well-known restaurants. This offering represents an exceptional opportunity to acquire a strategically located, high-quality, mid-scale hotel in the thriving, fast-growing and highly desirable Garland-Richardson area, available unencumbered of management and debt, and offered below replacement value.

FOR SALE DETAILS

PRICE

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# OF ROOMS

91

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tru by Hilton Garland Richardson | DFW

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2018

PARKING SPACES

87

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,189 SF

ZONING

Commercial

APN/PARCEL ID

261792400304R0000

ASK ABOUT THIS PROPERTY

Zuhair BhedaBoldface HospitalityMore Info
214-216-0529

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Zuhair BhedaBoldface HospitalityMore Info
214-216-0529

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