Overview
Hotel Brokers of America is pleased to exclusively present the Crowne Plaza Dallas Downtown, a 293-key full-service hotel strategically positioned in the heart of the Dallas skyline Central Business District. Located minutes from Kay Bailey Hutchinson Center (poised to be the 2nd largest meeting space in America by 2028) the Dallas world aquarium and John F Kennedy Plaza the property offers immediate access to the city’s largest corporate, entertainment, and tourism demand generators while presenting substantial upside through renovation, repositioning, and future nearby development.
The hotel underwent a partial renovation in 2024; however, a new owner PIP will be required, presenting an ideal opportunity to reposition the asset within one of the strongest lodging markets in Texas. Due to its premier downtown location, the property has received interest from multiple major brands.
Investment Highlights
- Prime Downtown Dallas location in the center of billions in ongoing development
- Priced significantly below appraised value and replacement cost
- Strong RevPAR upside relative to the Downtown Dallas market
- Projected stabilized value of $82.4 million
- Significant ADR and occupancy growth opportunity
- Rare full-service skyline asset with redevelopment flexibility
- 2 floors are Unfinished tocreate future expansion upside
- Future ballroom expansion expected to increase group business
- 800-space parking garage with recurring income
- Positioned to benefit from convention center $2billion expansion
- new Goldman Sachs camps and Texas Stock Exchange headquarters relcoation minutes away
Photo Gallery
Sales Team
