High Barrier-to-Entry. Unique opportunity to acquire a stabilized Choice hotel in the highly desired Irving submarket, a principal city located in the heart of the Dallas-Fort Worth Metroplex. The strength of the market is its high-to-barrier to entry location. Through multiple city ordinances, the city has placed several restrictions on new hotel construction – particularly in the limited-service segment.
Consistent Room Revenue Trend. The property has displayed consistent revenue growth during the last three years with an average revenue increase of approximately 7% per year. This consistency can be attributed to its prime location just three miles from DFW International Airport.
Powerful Economic Base. A diverse economic base with over 8,500 local and multinational companies, Irving boasts one of the strongest economies in the entire State of Texas. 50 Fortune 500 Companies are located in the city – five of which are headquartered in Irving (ExxonMobil, Celanese, Commercial Metals, Fluor and Kimberly-Clark).
The representations contained on this Internet page are provided based on information deemed reliable. However, the same has not been independently verified. Principals are advised to conduct a thorough due diligence for any potential transaction. CBRE Group Inc. name and logo are used herein for information purposes only.
Michael Yu and Yu Hospitality Real Estate Advisors, Inc. are licensed real estate brokers in the state of Texas. Rahul Bijlani, Eric Guerrero, Tyler Bean, Andrew Frosch, Dennis Drake, Agrama Mannapperuma and Pravin Boteju are licensed salespersons in the state of Texas and affiliated with and sponsored by CBRE Group Inc.