2645 Lyndon B Johnson Fwy | Dallas, TX 75234
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- LoopNet Team
2645 Lyndon B Johnson Fwy
Dallas, TX 75234
Wyndham Garden Dallas North · Hospitality Property For Sale
·
217,789 SF
INVESTMENT HIGHLIGHTS
- The Hotel is being sold free & clear of debt, and without a management company in place, providing a new owner with operational control
- The value-add proposition is based on repositioning the property through an acquisition of a new brand
- The seller is a private equity firm based in Houston. The Hotel is an outlier within the owner’s real estate portfolio.
- 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
- “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
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 217,789 SF |
| Property Subtype | Hotel | No. Stories | 6 |
| Building Class | B | Year Built/Renovated | 1980/2013 |
| Lot Size | 7.10 AC | Parking Ratio | 1.84/1,000 SF |
| Construction Status | Demolished | Corridor | Interior |
| Zoning | PD - Planned Development | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 7.10 AC |
| Construction Status | Demolished |
| Building Size | 217,789 SF |
| No. Stories | 6 |
| Year Built/Renovated | 1980/2013 |
| Parking Ratio | 1.84/1,000 SF |
| Corridor | Interior |
| Zoning | PD - Planned Development |
AMENITIES
- Balcony
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Wedding Venue
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 24149540000010000 | Improvements Assessment | $2,837,980 |
| Land Assessment | $4,962,020 | Total Assessment | $7,800,000 |
PROPERTY TAXES
Parcel Number
24149540000010000
Land Assessment
$4,962,020
Improvements Assessment
$2,837,980
Total Assessment
$7,800,000
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