Property details

Dallas Airport Hotel For Sale, Southwest Region

Property Description

Dallas Airport Hotel For Sale

9.4 % Cap Rate

Dallas Airport

High occupancy during and after covid with no franchise

300 Unit Atrium Hotel

DBA: Independent, with no franchise

Being sold without franchise or management

Full Service

Airport Shuttle

10,000 SF of Meeting and Function Space

100 450 SF 2-room suites

Assumable Loan

7 Acres of fee simple Land

Hotel is jamming with airline contract business

High occupancy/low ADR (91% @ $63.55)

Gross Income: $6.6 Million

Net Income: $2,700,000

Price: $29,000,000, negotiable for a quick deal



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Highlights

Status:
Available
Price:
$29,000,000
Cap Rate:
9.40%
 

Property Information

Property Type:
Hotel
Industry Type:
Hotel - Motel - Inn
Units/Spaces:
300
Land Area:
7.00 acres
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, 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 property to you depends on 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. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.