1542 N State Highway 360 | Grand Prairie, TX 75050
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1542 N State Highway 360
Grand Prairie, TX 75050
Hyatt Place Dallas · Hospitality Property For Sale · 84,107 SF
Investment Highlights
- The property is in excellent condition and has undergone a recent $2,000,000 + PIP renovation that was completed by the seller.
- Hyatt Place has been awarded #1 select-service brand two years in a row by The Business Travel News Hotel Chain Survey.
- In-place NOI is yielding only 8.9% of GR for 2019 YE, allowing the opportunity to lower expenses with more aggressive operations.
- The hotel is strategically located just 3 miles from the Dallas Cowboys AT&T Stadium and the Texas Rangers Globe Life Field Stadium.
- 2019 Year End Room Revenue was just over $3.0MM, a RevPAR of $61.49.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 6 |
| Property Subtype | Hotel | Year Built/Renovated | 1998/2014 |
| Building Class | B | Parking Ratio | 1.65/1,000 SF |
| Lot Size | 2.56 AC | Corridor | Interior |
| Building Size | 84,107 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.56 AC |
| Building Size | 84,107 SF |
| No. Stories | 6 |
| Year Built/Renovated | 1998/2014 |
| Parking Ratio | 1.65/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
PROPERTY TAXES
| Parcel Number | 07216319 | Improvements Assessment | $7,442,990 |
| Land Assessment | $557,010 | Total Assessment | $8,000,000 |
PROPERTY TAXES
Parcel Number
07216319
Land Assessment
$557,010
Improvements Assessment
$7,442,990
Total Assessment
$8,000,000
zoning
| Zoning Code | C |
| C |
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