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CBRE Hotels
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Embassy Suites Dallas DFW Airport South
CBRE Hotels, as sole and unique representative for the owner, has actually been maintained to sell the fee-simple interest in the 305-room Embassy Suites by Hilton Dallas DFW Airport South. The Hotel is positioned off West Airport Freeway and is 3 miles from Dallas Fort Worth International Airport, the world’s second busiest airport by guests. The Property is likewise in distance to a high concentration of both business and leisure locations, consisting of Drive Nation Sports, Six Flags Over Texas, Grand Prairie Stadium, AT&T Stadium and Globe Life Field. This offering represents a special chance to obtain an ideally-located and sound full-service hotel in a dynamic and fast-growing Dallas submarket, offered unencumbered of financial obligation and management.
Financial investment Highlights
- Partly Renovated Embassy Suites with Significant Upside Potential – The Embassy Suites accomplished a 115.2 RevPAR index and ranked 1 of 6 in its comp set at completion of 2019. For the TTM duration ending November 2023, the Hotel just published a 99.9 RevPAR index, ranking 4 of 6 in its comp set. Considering that 2017, the present ownership group has actually carried out considerable capital enhancements at the Hotel, costing around $7,300,000 or $23,900 per system. Upon the conclusion of the continuous remodellings started by the existing owner, the Embassy Suites is just anticipated to enhance its market share and running efficiency in future years.
- Premium-Branded, Full-Service Hotel With Excellent Amenities – The Embassy Suites, built in 1985, includes 305 suites geared up with numerous facilities. In addition, the Hotel provides a plethora of features on the residential or commercial property, including an indoor swimming pool, a company center, a gym, a full-service dining establishment, airport shuttle bus, and 8,258 square feet of overall occasion space.â $ â $ â $ â $ â $ â $ â $
- Unrivaled Airport Location – Positioned near the merging of State Highway 183 and State Highway 161, the 305-room Embassy Suites is simply 3 miles from the Dallas Fort Worth International Airport, the second busiest airport on the planet by guests. The Airport has actually just recently annouced the $4.8 billion in pre-approved capital expense, which will consist of the building and construction of Terminal F, the significant reimagining of Terminal C, and other considerable modernization jobs. Furthermore, the Hotel take advantage of close distance to substantial hotel need generators, downtown’s varied variety of dining establishments and dynamic night life.
- Dynamic and Growing Economy – DFW’s main area, economical living expenses, beneficial company environment, first-rate cultural organizations, advanced health care centers, universities, and robust transport make it an appealing moving option for both corporations and task hunters.
- Considerable Operating Efficiency Upside – The Hotel will be provided unencumbered of management. Since of the existing operator’s nationwide scale and substantial business overhead allotment, this task provides substantial capacity for a more hands-on operator to substantially decrease the hotel’s expenditures through enhancements in housekeeping labor usage and decrease in business designated costs.
- Fee-Simple And Well-Below Replacement Cost – The Property provides a distinct chance to get a premium top quality full-service hotel at a considerable discount rate compared to building a comparable one.
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