May 5, 2010 - The 140-room Ramada DFW North is
currently being offered for $5,250,000, just $37,500 per key.
Significant
renovations have been made to the property in the last two years
totaling approximately
$800,000. Improvements include a
complete renovation of all guestrooms and improvements to the lobby,
fitness
facility and business center. 70 of the
newly renovated guestrooms also include kitchenettes with a microwave,
mini-fridge, wet bar and stove top.
Currently owned by the lender, the Hotel is being offered unencumbered
by management.
The Ramada has an excellent
location on Esters Boulevard, in the hotel zone at the north entrance
of the
Dallas-Fort Worth International Airport.
The hotel is proximate to numerous demand generators including 20
million square feet of Class A office space in Las Colinas, the future
site of
the Irving Convention Center and Grapevine Mills Mall.
For more information on the Ramada
DFW Airport North please download the
FLYER and complete a
CONFIDENTIALITY
AGREEMENT or contact a listing agent below.
About PKF Capital- PKF Capital provides comprehensive multi-service
hotel brokerage to the hospitality industry. PKF Capital was
formed
in early 2007 as a result of the merger of PKF Consulting, one of the
premiere
hospitality consulting firms in the U.S., with Colliers International
Hotels.
PKF Capital was created with the vision of a unique platform to serve
our clients in the US hotel investment market. This unique
platform
for delivery of extraordinary client service begins with a team of
experience
hotel brokers known for their integrity and local market
knowledge.
Supporting this team are the PKF Consulting and Hospitality Research
divisions,
which provide current market data and accurate industry operating
results,
enabling us to deliver the highest quality documentation and solid
results.
PKF Capital believes successful transactions will result from solid
fundamentals
that include strong market knowledge and market trends, realistic and
accurate
financial projections, and current understanding of the capital
market’s
impact on our industry.
The professionals at PKF Capital are available to provide market
analysis,
broker opinions of value, or to make a personal presentation on the
current
state of the hospitality market. For further information about
the
services of PKF Capital or the above transaction, contact: