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.