Holiday Inn Express & Suites Dallas NE Allen | 205 Central Expy N
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Holiday Inn Express & Suites Dallas NE Allen 205 Central Expy N
87 Room Hotel Allen, TX 75013 For Sale
Executive Summary
o This hotel features 87 rooms in a 4-story interior corridor layout.
o The Formula Blue™ PIP was completed in 2021, providing a modern and refreshed design.
o Strategically located along Highway 75 (average daily traffic of 169,500) in Allen, Texas, a suburb of Metro Dallas Area, providing excellent visibility and accessibility to major attractions and businesses.
o The property has demonstrated notable operational performance in prior years, highlighting its potential for stable returns:
o 2023 Revenue of $1.93M and Net Operating Income of 545K (28.19%)
o 2022 Revenue of $1.74M and Net Operating Income of 641K (36.80%)
o The hotel offers upside potential, with opportunities for the new owner to implement strategies that increase RevPAR by 10% to align with its comp set.
o Ideally located near Dallas (30 min drive), Plano (13 min drive), and McKinney (7 min drive), offering easy access to major economic hubs and attractions in North Texas.
o Convenient access to both Dallas Love Field (35 min drive) and Dallas-Fort Worth International Airport (30 min drive) ensures connectivity for out-of-town visitors.
o Surrounded by key economic hubs such as Allen Tech Hub, One Allen Center, and The Farm, which attract significant business traffic and long-term growth opportunities.
o Just 5 minutes from One Bethany at Watters Creek, a 17-acre office park with 325,000+ sq. ft. of Class A office space, attracting significant business travel.
o Part of the Denton/Lewisville/McKinney submarket, which boasts higher-than-average occupancy (68.3%) and growing ADR ($107.47) compared to regional benchmarks.
o Located in a thriving community with projected population growth of 24.34% (1 mile radius) and median household incomes exceeding $84,000 within the immediate area.
o The Formula Blue™ PIP was completed in 2021, providing a modern and refreshed design.
o Strategically located along Highway 75 (average daily traffic of 169,500) in Allen, Texas, a suburb of Metro Dallas Area, providing excellent visibility and accessibility to major attractions and businesses.
o The property has demonstrated notable operational performance in prior years, highlighting its potential for stable returns:
o 2023 Revenue of $1.93M and Net Operating Income of 545K (28.19%)
o 2022 Revenue of $1.74M and Net Operating Income of 641K (36.80%)
o The hotel offers upside potential, with opportunities for the new owner to implement strategies that increase RevPAR by 10% to align with its comp set.
o Ideally located near Dallas (30 min drive), Plano (13 min drive), and McKinney (7 min drive), offering easy access to major economic hubs and attractions in North Texas.
o Convenient access to both Dallas Love Field (35 min drive) and Dallas-Fort Worth International Airport (30 min drive) ensures connectivity for out-of-town visitors.
o Surrounded by key economic hubs such as Allen Tech Hub, One Allen Center, and The Farm, which attract significant business traffic and long-term growth opportunities.
o Just 5 minutes from One Bethany at Watters Creek, a 17-acre office park with 325,000+ sq. ft. of Class A office space, attracting significant business travel.
o Part of the Denton/Lewisville/McKinney submarket, which boasts higher-than-average occupancy (68.3%) and growing ADR ($107.47) compared to regional benchmarks.
o Located in a thriving community with projected population growth of 24.34% (1 mile radius) and median household incomes exceeding $84,000 within the immediate area.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Sale Type | Investment | No. Rooms | 87 |
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 2005/2021 |
| Building Class | B | Tenancy | Single |
| Lot Size | 2.12 AC | Parking Ratio | 2.17/1,000 SF |
| Building Size | 50,523 SF | Corridor | Interior |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.12 AC |
| Building Size | 50,523 SF |
| No. Rooms | 87 |
| No. Stories | 4 |
| Year Built/Renovated | 2005/2021 |
| Tenancy | Single |
| Parking Ratio | 2.17/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 47 | $87.00 | - |
| Guest Room | 40 | $81.00 | - |
zoning
| Zoning Code | CC, PD-54 (Hotel) |
| CC, PD-54 (Hotel) |
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Holiday Inn Express & Suites Dallas NE Allen | 205 Central Expy N
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