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
Hotel Development Sites
Images
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.