Opportunity. Unique opportunity to acquire a stabilized Choice hotel in the highly desired Irving submarket, a principal city located minutes from Dallas/Fort Worth International Airport, the 3rd busiest airport in the world.The market displays high occupancy and increasing RevPAR as air traffic through DFW Airport continues to grow to over 65 million passengers per year.Irving has also placed tight restrictions on new hotel construction – particularly in the limited service segment, making it a high barrier to entry market.
Stabilized Revenue. The property has displayed consistent revenue growth during the last three years and has now stabilized to an April Trailing Twelve Months revenue of $2,554,464.
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 of the Fortune 500 Companies are located in the city – five of which are headquartered in Irving (ExxonMobil, Celanese, Commercial Metals, Fluor and Kimberly-Clark) Its proximity to Dallas-Fort Worth International Airport, the 3rd-busiest airport in the world, gives it a competitive advantage over other cities in attracting major corporations. DFW offers nearly 1,850 flights per day.
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.