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8051 Lyndon B Johnson Fwy
Dallas, TX 75251
IBAN Dallas Park Central Hotel, Trademark · Hospitality Property For Sale
·
107,363 SF
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 107,363 SF |
| Property Subtype | Hotel | No. Stories | 6 |
| Building Class | B | Year Built/Renovated | 1973/2021 |
| Lot Size | 3.66 AC | Parking Ratio | 1.65/1,000 SF |
| Construction Status | Converted | Corridor | Interior |
| Zoning | MU-1 Dallas | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.66 AC |
| Construction Status | Converted |
| Building Size | 107,363 SF |
| No. Stories | 6 |
| Year Built/Renovated | 1973/2021 |
| Parking Ratio | 1.65/1,000 SF |
| Corridor | Interior |
| Zoning | MU-1 Dallas |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Wedding Venue
- Public Access Wifi
- Smoke-Free
ABOUT 8051 LYNDON B JOHNSON FWY , DALLAS, TX 75251
The Best Western Plus is a 160 room, 6-story hotel and conference center in Dallas, TX. Dallas is one of the largest and fastest growing markets in the U.S. with few hospitality opportunities available for sale. The Dallas market has seen strong growth highlighted by over 10% RevPAR growth among Upper Midscale hotels. The Best Western Plus has seen 18% RevPAR growth in 2018 and continues to trend upward, yet its performance still trails its competitive set providing opportunity for a new owner to further grow the business. The hotel does not have a sales staff in place and misses out on many group sales opportunities. The Best Western Plus has an excellent location in North Dallas--one of the most affluent parts of the city--offering business, culture, cuisine, shopping, nightlife and pro sports all within minutes. Dallas/Ft. Worth is Texas' number one leisure and visitor destination and the Best Western Plus draws visitors from around the world. Nearby attractions include multiple major universities such as Southern Methodist University, University of Texas at Dallas, and Richland College; popular venues such as American Airlines Center, Dallas Convention Center, Downtown Dallas, Galleria Mall, and AT&T Stadium (home to the Dallas Cowboys); and corporate locations including Medical City (one of the largest hospital complexes in Texas), Texas Instruments, Interstate Battery, Raytheon, Unitrin, and CH2M HILL. Located along Interstate 635 and Highway 75 the hotel also offers convenient access to both Dallas Love Field (DAL) and Dallas/Ft. Worth International Airport (DFW), and DART Rail Station. The hotel recently completed a $3M renovation in 2016 and the owner is current with the property's PIP requirements. Please contact us if you have further interest in this opportunity. All property visits must be arranged through broker. Do not visit the property without an appointment. Do not contact the property or speak with employees.
PROPERTY TAXES
| Parcel Number | 007756000E07B0000 | Improvements Assessment | $5,719,950 |
| Land Assessment | $2,392,100 | Total Assessment | $8,112,050 |
PROPERTY TAXES
