2645 Lyndon B Johnson Fwy Dallas, TX 75234
350-room hotel, prime Dallas location
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 138
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
Nearby Similar for Sale
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.
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