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- LoopNet Team
4949 Regent Blvd
Irving, TX 75063
Courtyard Dallas DFW Airport North/Irving · Hospitality Property For Sale
·
63,503 SF
INVESTMENT HIGHLIGHTS
- Fee simple interest in the privately owned and managed 153-room Courtyard by Marriott DFW Airport North/Irving.
- Ideally situated in Irving, TX between Dallas, and Fort Worth.
- Situated directly adjacent to Interstate 635 with approximately 150,000 vehicles passing the location daily.
- Proximate to all key regional demand drivers including DFW Airport, American Airlines, and AT&T Stadium.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 1997 |
| Building Class | B | Parking Ratio | 2.27/1,000 SF |
| Lot Size | 4.04 AC | Corridor | Interior |
| Building Size | 63,503 SF | ||
| Zoning | Z84 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 4.04 AC |
| Building Size | 63,503 SF |
| No. Stories | 3 |
| Year Built | 1997 |
| Parking Ratio | 2.27/1,000 SF |
| Corridor | Interior |
| Zoning | Z84 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- Shuttle Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Digital key
ABOUT 4949 REGENT BLVD , IRVING, TX 75063
Ability to acquire the hotel unencumbered of management and retain the Courtyard flag for a long-term license upon completion of the change-of-ownership PIP. The hotel completed a $1.4M renovation in 2019, including installing new exterior skin & signage, replacing all lobby, lounge, bistro tables, chairs, & carpet and guest bathrooms. Upon completion of the PIP buyer has the opportunity to capitalize on the global economic recovery as a newly renovated airport hotel in a major MSA as corporate travel returns to pre-pandemic levels. DFW Airport recorded passenger traffic of 62.4M in 2021 which represents a 59% increase over 2020 passenger activity and traffic has already exceeded 15M YTD through March 2022. Migration trends continue to heavily favor Texas as residents are attracted to the quality of life and as business leaders seek the pro-business environment and lesser tax burden
PROPERTY TAXES
| Parcel Number | 320963100T0010000 | Improvements Assessment | $11,860,910 |
| Land Assessment | $2,639,090 | Total Assessment | $14,500,000 |
PROPERTY TAXES
