Welcome to LoopNet! Check out the listing below or search over 725,000 other listings.
Browse More Listings in Hotel & Motel For Sale, Dallas, TX or Texas
Holiday Inn Express for Sale
17732 Highway Location, Dallas, TX 75252
$5,500,000
63
35,000 SF
$87,301.59
Hotel & Motel
Economy/ Limited Service
Investment
15%
$125
$90
3
1999
80,586 SF
-
Find Out More...
Last Verified 11/1/2009
Listing ID 16219291
Highlights
For more information please visit: www.tabanirealty.com- TTM Revenue: $1.65 Million
- Highway Location with heavy traffic
- 15.2% CAP RATE - 59% CASH on CASH Return
- Recently renovated with
- ADR $125
Description
NOTE: For more information and location specific, please fill out attach CA agreement and email/fax it back.
This is a Holiday Inn Express interior hotel located in Dallas-Fort Worth Metropolitan area. Hotel was construction in 1999 and has been one of the top 10 properties amongst Holiday Inn Express locations in Texas.
Property was renovated in 2008 and does not have any major pending PIP. Property has been converted to new Holiday Inn Express image. Trailing 12 Months Room Revenue is $1.65 million with an aveage of 80% occupancy an $125 ADR.
Hotel offers an array of amenities, including pick and drop airport shuttle service, free wireless throughout the property, free continental breakfast, outdoor spa and pool, business center with copying, printing, faxing and scanning facility, fitness center with Treadmills, Elliptical, Exercise Bike, Weights and Universal Weight Machine. Meeting room, which has a capacity of about 100 guest and guest laundry.
For more information and exact address, please fill out attach CA agreement and email/fax it back.
Holiday Inn Express & Suites is surrounded by major employers and is about 5 miles away from downtown area. Property has great potential and is currently running as owner absentee. Hotel is a steady business with great positive cash flow with over 59% Cash on Cash Returns and 15.2% cap rate before debt services.
Map of 17732 Highway Location, Dallas, TX 75252 (Collin County)
Created 5/1/2009
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.