For Sale
$8,000,000

2301 President George Bush Hwy Plano, TX 75074

76-Room Hotel, Prime Plano Location

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This fee-simple, 76-key Comfort Suites hotel presents a rare investment opportunity in the thriving Dallas/Fort Worth market. Located at 2301 N President George Bush Hwy, Plano, TX 75074, this four-story, 46,089 square foot hotel boasts an 89,159 square foot lot and 82 parking spaces. Built in 2007 and fully renovated in 2020, the property features an interior corridor and benefits from its location in Plano, a city consistently ranked among the best places to live, work, and raise a family. The hotel's strong performance is reflected in its high guest ratings (4.0-4.5). The asking price is $8,000,000, translating to $173.58 per square foot and $105,263.16 per key. Situated near major employers like State Farm Insurance, Raytheon, and RealPage, this hotel offers significant revenue growth potential for a regional owner/operator seeking a long-term investment in a high-demand market. The property is free from debt and management encumbrances. This is a turnkey operation ready for immediate ownership. The property is available for viewing by appointment only.

Highlights

  • Rare Dallas Metroplex multifamily asset with strong demand drivers in Richardson and Plano.
  • Completely renovated in 2020 with all improvements completed.
  • High guest ratings averaging 4.25 stars across all platforms.
  • Excellent long-term investment opportunity for regional owner/operator with significant upside.
  • Property tours available by appointment only; contact Vipul Shah at [email protected] or (214)357-3700.

Property Details for 2301 President George Bush Hwy

Property type
Hospitality properties, Hotels
Square Feet
46,089 SF
Year Built/Renovated
2007/2020
Buildings
1
Stories
4

Location Insight

City
Plano
County
Collin
State
Texas
Latitude
33.0039363
Longitude
-96.68427

FAQs

What type of property is this?
Hospitality property - 76-Room Hotel, Prime Plano Location
Where is the hospitality property located?
The property is located at 2301 President George Bush Hwy Plano, TX.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Rare Dallas Metroplex multifamily asset with strong demand drivers in Richardson and Plano.; Completely renovated in 2020 with all improvements completed.; High guest ratings averaging 4.25 stars across all platforms.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2301 President George Bush Hwy
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