3508 N Interstate 35 E RdLancaster, TX 75134
Dual Branded – Sleep Inn / MainStay Suites Lancaster Dallas South
Dual Branded Choice Hotel Located in Lancaster, TX
Overview
The Sleep Inn & Mainstay Suites Lancaster Dallas South is a Dual Branded 80-room, three-story Hotel built in 2019 and located at 3508 N Interstate 35 East in Lancaster, Texas. Amenities at the hotel include an outdoor pool, fitness center, picnic area, laundry services, and a business center.
Investment Highlights
- 41 rooms Sleep Inn and 39 rooms MainStay Suites – Dual Branded
- Institutionally (non-hotelier) owned and third party managed
- 2019 built; minimal PIP for new owner
- Asset currently underperforming; significant upside potential for a hands-on owner/operator; comp set RevPAR ranging between $77 and $117 for similar hotels
- Offered significantly under replacement cost; additional land parcel with Interstate frontage sold along with the hotel
Offering Summary
TTM July 2023
Year 1 ProFormaa
Listing Price
Call for Offers
Call for Offers
RevPar
$66.42
$76.71
ADR
$89.52
$98.46
Occupancy
74.2%
77.9%
NOI
$68,436
$593,870
Photo Gallery
3508 N Interstate 35 E RdLancaster, TX 75134
Lancaster Community Park
University of North Texas at Dallas
Bahama Beach Waterpark
VA North Texas Health Care System
Dallas Zoo
Kay Bailey Hutchinson Convention Center
The Dallas World Aquarium
Dallas Museum of Art
Dallas Arboretum & Botanical Gardens
Dallas Love Field Aiport
Sales Team
Listing provided by Revere CRE