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Wyndham Garden Dallas North 2645 Lyndon B Johnson Fwy

350 Room Hotel Dallas, TX 75234 For Sale

Investment Highlights

  • The Hotel is being sold free & clear of debt, and without a management company in place, providing a new owner with operational control
  • The value-add proposition is based on repositioning the property through an acquisition of a new brand
  • The seller is a private equity firm based in Houston. The Hotel is an outlier within the owner’s real estate portfolio.
  • With only one, new, competitive hotel currently under construction, or in the final planning stage in the submarket, there is a low risk of supply sat
  • “Low Basis” Opportunity: The Hotel is being offered at both a discount to replacement cost and at a discount to previous sales of like-kind hotels

Executive Summary

Bracket Real Estate Inc. is pleased to offer, on an exclusive basis, the opportunity to acquire fee simple interest in the Wyndham Garden Dallas North (the “Property”) a 350-room hotel strategically located at 2645 LBJ Freeway, Farmers Branch, Texas. The Property benefits from its prime location off LBJ Freeway (with an average traffic volume of 235k vehicles per day), providing exceptional visibility and convenient access. The Hotel is near all major demand generators in the area. The city of Farmers Branch is part of the Dallas Ft. Worth Metropolitan Statistical Area (MSA), in North Dallas along LBJ Freeway located midway between Downtown Dallas to the south and Frisco to the north, now the new city central.
Offered below replacement cost and with significant upside via the completion of a renovation and a brand change, a new owner is presented with the unique opportunity to drive top-line performance beyond historical benchmarks. Furthermore, by implementing an effective revenue management strategy and improving operational efficiencies a new owner and operator can significantly improve flowthrough to the bottom line.
Available any time by appointment. Contact Bob Baker at 214.403.4615 | bob@bracketre.com.

Financial Summary (Pro forma - 2025) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2025) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type Investment
Sale Conditions
Auction Sale
  • REO Sale
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 7.10 AC
Building Size 217,789 SF
No. Rooms 350
No. Stories 6
Year Built/Renovated 1970/2013
Parking Ratio 1.84/1,000 SF
Corridor Interior

Amenities

  • Balcony
  • Business Center
  • Fitness Center
  • Pool
  • Restaurant
  • Room Service
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Meeting Event Space
  • Wedding Venue
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 350 $109.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
24149540000010000
Land Assessment
$4,651,890 (2023)
Improvements Assessment
$8,523,110 (2023)
Total Assessment
$13,175,000 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025

zoning

Zoning Code PD (Planned Development)
PD (Planned Development)
  • Listing ID: 32392549

  • Date on Market: 7/9/2024

  • Last Updated:

  • Address: 2645 Lyndon B Johnson Fwy, Dallas, TX 75234

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