 January 2012 - This offering represents an exceptional opportunity to acquire a full service asset at a significant discount to replacement cost in one of the nation’s top markets. The Hotel features 350 guestrooms, a full-service restaurant and lobby lounge, over 14,000 SF of function space, indoor/outdoor heated pool, fitness facility, business center and gift shop. The Property is being offered unencumbered by management and a buyer can either apply for conversion to a full service Holiday Inn, which will require a PIP to meet current brand standards consistent with the Holiday Inn Re-launch Program or rebrand as desired. The Select designation is discontinued. Centrally located in the Dallas-Fort Worth Metroplex in the northeast quadrant of I-35 and I-635, the hotel offers convenient access to DFW International Airport, Love Field, and the corporate centers in the Galleria area, Las Colinas, and North Dallas. Offered
at $6,500,000
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for more information.$18,570 Per Key ABOUT COLLIERS INTERNATIONAL Hotels Colliers International Hotels (“CIH”) is an international real estate investment advisory company, specializing in the lodging industry. Colliers International Hotels is a division of Colliers International (Nasdaq:FSRV) the third largest commercial real estate services firm in the world operating in 480 offices in 61 countries. Formed in 1985 to work alongside owners and investors in all aspects of managing operations, ownership and financing of investment portfolios, our knowledge and experience extends across all hotel and resort asset classes and markets. In the United States, CIH utilizes the expertise of its sister firms, PKF Consulting and PKF Hospitality Research, to provide current market data and accurate industry operating results, enabling us to access the entire spectrum of the industry, and deliver the highest quality documentation and solid results. For more information please visit www.colliers.com. |