5280 Memorial Dr
The Colony, TX 75056
Staybridge Suites Plano - The Colony · Hospitality Property For Sale · 64,652 SF

Property Overview: The Staybridge Suites Plano – The Colony is a 98 room extended stay all-suites hotel located in the city of The Colony, Texas. This four-story hotel opened for business in late August 2017 and has been steadily ramping up its business. The hotel sits on 2.41 acres of land and boasts modern finishes and amenities. The common area amenities include an 812 square foot meeting room, an outdoor pool, patio, and grill area, an on-site basketball court, fully-equipped fitness center, community-wide wireless internet, a business center, and a reception on Monday, Tuesday, and Wednesday evenings. Each hotel room includes a mini refrigerator, microwave, workspace, flat-screen television, dry cleaning, and laundry services. Suites include a separate living room, sofa bed, and full kitchens. Location Overview: The Colony and Plano, Texas is located in the North Dallas-Fort Worth region and headquarters to several global corporations which are major lodging demand generators in the area. Toyota North America, Inc., recently opened their new headquarters and is expected to add up to 4,000 jobs to Plano. JPMorgan Chase is consolidating many of its North Texas operations into a corporate complex anticipated to house 4,800 workers located within the $3 billion Legacy West development. Other major corporations that have announced corporate relocations or new office campuses in Plano include Liberty Mutual Insurance (4,000 jobs), Fannie Mae (2,000 jobs), Boeing Global Services, and L3 Technologies, amongst others. Additionally, FedEx Office and Pizza Hut have expanded their headquarters to the Dallas Platinum Premium Corridor District which is a 13.7-mile stretch of the tollway running from the LBJ Freeway past State Highway 121. JCPenney, Dr. Pepper Snapple, Frito-Lay, KFC Global, Pizza Hut Global, Rent-A-Center, Ericsson and Cinemark Holdings are some of the other major corporations located here, all within a five-mile radius of the Staybridge Suites Plano – The Colony. Local attractions include major campuses such as the Ford Center at the Star, a 510,000-square foot athletic facility headquarters to the Dallas Cowboys and shared with the City of Frisco in addition to the Frisco Independent School District that hosts weekly events and daily tours. The facility is located less than seven miles from the subject hotel. Dr. Pepper Ballpark is located four miles north on the Sam Rayburn Tollway from the Staybridge Suites Plano – The Colony. Furthermore, major Extended Stay retail and a variety of restaurants are located within nearby destinations such as The Shops at Willow Bend, Stonebriar Mall at the Bridges, Legacy West, The Shops at Legacy, and The Grandscape Development.