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2645 Lyndon B Johnson Fwy Dallas, TX 75234

350-room hotel, prime Dallas location

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 350-key hotel presents a compelling investment opportunity. Located at 2645 Lyndon B Johnson Fwy in Dallas, Texas (zip code 75234), this six-story, 217,789 square foot property sits on a 7.12-acre lot and boasts 467 parking spaces. Built in 1970 and renovated in 2013, the hotel benefits from a prime location with direct access to LBJ Freeway and Interstate 35, experiencing high daily traffic volume. The property is situated within the Dallas-Fort Worth MSA, midway between Downtown Dallas and Frisco, offering convenient access to major demand generators. Currently operating under a temporary Wyndham franchise agreement, the property offers a new owner the flexibility to retain the Wyndham brand or rebrand to another option, such as Sonesta. The sale includes the fee simple interest, unencumbered by debt or existing management contracts, providing complete operational control. The property is offered below replacement cost, presenting significant value-add potential through renovations and strategic management. With limited new hotel construction in the submarket, this presents a low-risk, high-reward opportunity for a motivated buyer. The property's APN is 24149540000010000 and is zoned PD. The seller is a private equity firm seeking to divest this asset. The property is approximately ten minutes from DFW International Airport and twelve minutes from Downtown Dallas.

Highlights

  • 10-minute proximity to DFW Airport and 12-minute proximity to Downtown Dallas; excellent freeway access (LBJ Freeway & I-35) provides high visibility and accessibility.
  • Debt-free sale; no existing management company; Wyndham franchise agreement allows for brand flexibility (Wyndham or Sonesta).
  • Low risk of oversupply due to limited new hotel construction in the submarket.
  • Significant value-add potential through rebranding, renovations, and professional management; offered below replacement cost in a high-barrier-to-entry market.
  • Priced below replacement cost and below comparable recent sales in the submarket.
  • Motivated seller (Houston-based private equity firm) seeking to divest non-core asset.

Property Details for 2645 Lyndon B Johnson Fwy

Property type
Hospitality properties, Hotels
Square Feet
217,789 SF
Year Built/Renovated
1970/2013
Buildings
1
Stories
6
Lot Size (sq. ft)
310,147 SF

Location Insight

City
Dallas
County
Dallas
State
Texas
Latitude
32.9105175
Longitude
-96.8892297

FAQs

What type of property is this?
Hospitality property - 350-room hotel, prime Dallas location
Where is the hospitality property located?
The property is located at 2645 Lyndon B Johnson Fwy Dallas, TX.
What are key features of this property?
This property features: 10-minute proximity to DFW Airport and 12-minute proximity to Downtown Dallas; excellent freeway access (LBJ Freeway & I-35) provides high visibility and accessibility.; Debt-free sale; no existing management company; Wyndham franchise agreement allows for brand flexibility (Wyndham or Sonesta).; Low risk of oversupply due to limited new hotel construction in the submarket.
How can I contact the broker?
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2645 Lyndon B Johnson Fwy
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