Newmark Lodging Capital Markets has been exclusively retained to offer for sale the fee simple interest in the 120-key Residence Inn by Marriott Dallas Las Colinas, a fully unencumbered, repositioning opportunity of a well located, extended-stay hotel offered at a significant discount to replacement cost at 2.67x RRM on trailing 12, with the ability to renovate and rebrand, to meet evolving market dynamics.
Ideally situated in Las Colinas, the Property benefits from proximity to DFW International Airport (88M+ annual passengers), eight Fortune 500 companies, and a robust mix of corporate and leisure demand drivers. The Irving North Area submarket is forecasted to outperform the broader Dallas market in RevPAR by $12 by 2029, supported by strong ADR growth and limited new supply.
The Hotel occupies a large, infill land parcel, offering optionality for future expansion or redevelopment. Located within the fastest-growing metro in the U.S., with 178,000 residents added in the past year, 900,000+ jobs created over the last decade, and a $87,000 median household income, the Hotel is primed for long-term value creation and near-term upside.