901 Central Expy, McKinney, TX 75069
95 Room Hotel | McKinney, TX 75069 | For Sale
For Sale
Active
- Property Type
-
Hospitality
- Square Feet
- 41,652 SF
Listing Contacts
Eric Guerrero
Fadi Rawashdeh
Matt Almy
Kyle Peterek
Property Overview
For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=145132
HVS, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 95-key avid Hotel Dallas-McKinney, an under-construction, limited-service hotel asset in the historically strong city of McKinney, located 30 miles north of Downtown Dallas. The hotel is expected to open in December 2024 and will be delivered to new ownership turn-key or upon issuance of the Certificate of Occupancy (CO). An investor will have the opportunity to acquire a newly constructed hotel, offering a blank slate to implement its own sales and revenue-management strategies.
HVS, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 95-key avid Hotel Dallas-McKinney, an under-construction, limited-service hotel asset in the historically strong city of McKinney, located 30 miles north of Downtown Dallas. The hotel is expected to open in December 2024 and will be delivered to new ownership turn-key or upon issuance of the Certificate of Occupancy (CO). An investor will have the opportunity to acquire a newly constructed hotel, offering a blank slate to implement its own sales and revenue-management strategies.
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 4
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 77,972 SF
- Units
- 95
Highlights
- Currently under construction and will be delivered to new ownership turn-key or upon issuance of the Certificate of Occupancy (CO).
- The property benefits from its strategic location along U.S. Highway 75, near a multitude of demand generators.
- McKinney has led the way in sustainable developments, and its historic business district is one of the largest and most successful in the state.
- The DFW Metroplex is home to numerous Fortune 500 company headquarters including ExxonMobil, J.C. Penney, and American Airlines, among others.
- Based on HVS pro-forma projections, stabilized rooms revenue is anticipated to exceed $3.0 million, with an NOI flow-through of over $1,000,000.
- Upon acquisition and approval, an investor can expect a new, 20-year franchise license agreement with IHG.
Nearby Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].