HIGHLIGHTS AND LOCATION Hotel Brokers of America is pleased to present the TownePlace Suites Dallas DeSoto, a 99-key, extended-stay Marriott asset located just 15 minutes south of Downtown Dallas. Positioned in the growing DeSoto submarket, this institutional-quality property benefits from strong in-place cash flow, minimal PIP requirements, and a premium brand affiliation. PROPERTY OVERVIEW:
KEY DEMAND GENERATORS
SURROUNDING MSAs
LOAN OPTIONS: Multiple loan options are available:
Hotel Brokers of America and H3O Capital can assist in arranging introductions to qualified hospitality lenders.
📌Flagged Extended-Stay Asset – Backed by Marriott's strong brand recognition, loyalty program, and flexible franchise model. 📌High-Performing Hotel – Strong occupancy over 81%, with upward trend in RevPAR and rate. 📌Attractive Returns – Delivers compelling in-place cash flow with cap rates of 8.43% (actual) and 8.85% (projected). 📌Minimal Capital Needs – Estimated PIP of only $150,000 following recent 2023 renovations. 📌Prime DFW Location – Strategically positioned along the I-35E corridor with access to key demand generators across South Dallas and the surrounding region.
· Building SF: 63,097 SF
· Lot Size: 2.06 Acres
· Year Built: 2009
· Floors: 4
· Rooms: 99
· Corridors: All Rooms Have Interior Hallways
· Occupancy: 81.70%
· Room Windows: Windows Open
· Suites: Yes - One and Two Bedrooms
· Meeting Rooms: Yes
· Dining Facilities: Free Breakfast Buffet
· Fitness Center/Pool: Yes | Yes - Indoor
· Average Daily Rate: $136.46
· Star Class Rating: 2-Star