La Quinta Inn & Suites Hutchins, Dallas 1000 Dowdy Ferry Rd
65 Room Hotel Hutchins, TX 75141 For Sale
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INVESTMENT HIGHLIGHTS
- • $92+ REVPAR market per last 3 years Star Report
- • Priced at 4 timed TTM
- • LQ UP (Exterior) is completed, Interior renovation cost expected @ $500,000
- • $90 REVPAR Performance for 2 consecutive years.
- • $4000/Key cash PIP incentive available for remaining PIP
- • no new construction or ground breaks within Vicinity.
EXECUTIVE SUMMARY
Hotel Brokers of America is pleased to exclusively offer the La Quinta Inn & Suites (Dallas MSA) located 15 minutes South of Downtown Dallas in the booming sub-market of Hutchins, Texas
Highlights:
• $92+Comp set REVPAR market per last 3 years per STR Report /Property at $90 REVPAR Performance for 2 consecutive years.
• Priced at 4 times TTM
• $4,000/Key cash PIP incentive available for remaining PIP
• LQ UP (Exterior) is completed, Interior renovation PIP cost expected @ $500,000
• No new construction or ground breaks within vicinity.
Nitigna Naik
Texas Broker of Record:
P: 661.910.8003
E: Deals@HBofAmerica.com
TX DRE #9014354
Highlights:
• $92+Comp set REVPAR market per last 3 years per STR Report /Property at $90 REVPAR Performance for 2 consecutive years.
• Priced at 4 times TTM
• $4,000/Key cash PIP incentive available for remaining PIP
• LQ UP (Exterior) is completed, Interior renovation PIP cost expected @ $500,000
• No new construction or ground breaks within vicinity.
Nitigna Naik
Texas Broker of Record:
P: 661.910.8003
E: Deals@HBofAmerica.com
TX DRE #9014354
PROPERTY FACTS
Sale Type | Investment |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | B |
Lot Size | 2.00 AC |
Building Size | 41,672 SF |
No. Rooms | 65 |
No. Stories | 4 |
Year Built | 2009 |
Parking Ratio | 1.68/1,000 SF |
Corridor | Interior |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
---|---|---|---|
Suite | 4 | $111.00 | - |
Guest Room | 61 | $101.00 | - |
PROPERTY TAXES
Parcel Number | 30315520010010000 | Improvements Assessment | $4,425,670 |
Land Assessment | $174,330 | Total Assessment | $4,600,000 |
ZONING
Zoning Code | Z31 (Hotel) |