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5055 N President George Bush HwyGarland, TX 75040
Tru by Hilton Garland Richardson | DFW metroplex
Asset ClassHotel & Hospitality
Conveniently situated in the northeast Dallas MSA, the high quality mid-scale Hotel offers prime accessibility off President George Bush Turnpike and near Texas State Highway 78, with proximity to other major highways including I-635 and US 75.
overview of deal

Overview

Boldface Hospitality Advisors (“BHA”), as sole and exclusive agent for the owner, has been retained to offer for sale the fee-simple interest in the 2018 built, 91-room, Tru by Hilton Garland Richardson (“Property” or “Hotel”) located at 5055 N President George Bush Hwy, Garland, TX 75040. The Property has produced a stellar financial performance since ownership acquired the asset in June 2019.

 

The Hotel is proximate to several key corporate and leisure demand generators, such as The Firewheel Town Center Mall (over 120 stores, making it one of the largest malls in DFW), Strike & Reel (epicenter of entertainment with movie theater, bowling alley, bumper cars and arcades), Hawaiian Falls Garland, CityLine Office Complex (State Farm’s Regional Hub and Raytheon’s state-of-the-art office complex, 6 million square feet of office space, and 200,000+ square feet of restaurant, retail and entertainment space), The University of Texas at Dallas, Granville Arts Center, Urban Air Trampoline & Adventure Park, Downtown Garland (brand new park and dozens of local restaurants), the Chua Dao Quang Buddhist Temple (a weekend favorite, opens doors to the public on weekends and hosts a local market), and Methodist Medical Center. The Hotel is also next door to the Curtis Culwell Center, Naaman Forest Highschool and the Gilbreath-Reed Career and Technical Center, as well as walking distance from several well-known restaurants.

 

This offering represents an exceptional opportunity to acquire a strategically located, high-quality, mid-scale hotel in the thriving, fast-growing and highly desirable Garland-Richardson area, available unencumbered of management, and offered well below replacement value.

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Investment Highlights

# Keys
91
Year Built
2018
Square Feet
47,528
Site Area
87.27 K Sq. Ft
  • Well-built, high-quality, limited-service asset
  • Strategic location proximate to diversified demand drivers
  • Across the street from the Curtis Culwell Center state-of-the-art multipurpose facility
  • Strong in-place cash flow with continued market share upside through completion of the PIP
  • Dynamic and thriving economic landscape with continued growth
  • First Tru by Hilton built in the State of Texas
  • Premium limited-service brand & globally recognized Hilton affiliation

Financial Summary

2023
2024
YR 1 PROFORMA
YR 2 PROFORMA
YR 3 PROFORMA
RevPAR
$75.89
$76.78
$81.74
$87.94
$92.39
Total Revenue
$2,577,870
$2,600,666
$2,767,036
$2,976,073
$3,127,774
GOP
$1,353,252
$1,265,411
$1,611,977
$1,783,142
$1,914,475
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5055 N President George Bush HwyGarland, TX 75040

Sales Team

Keith KoopBOR

License #: TX 335738

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Listing provided by Revere CRE