2301 President George Bush HwyPlano, TX 75074

Property Details for 2301 President George Bush Hwy

Year built

2007

Lot size

2.05 AC

Property size (Sq ft)

46,089 SF

Zone code

LI-1

Property type

Commercial real estate

APN

R-2076-00A-002R-1

APU

R207600A002R1

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $11,503,400

  6.5%

  $10,618,500

  7%

  $9,860,020

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,741,050

  Geo Method

  $5,545,430

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $21,136,500

  Retail / Commercial

  $10,793,400

  Mixed-Use / Specialty

  $10,719,300

  Hospitality / Lodging

  $7,817,990

  Office

  $10,618,500

  Institutional / Educational

  $11,131,000

  Residential Income

  $13,023,300

  Multifamily

  $15,817,100

  Automotive / Energy

  $9,540,870

  Parking / Income-Based Land

  $3,327,670

  Restaurant / Food Service

  $5,499,090

  Healthcare / Senior Housing

  $11,029,000

Location Insight

City

Plano

County

Collin

State

Texas

Latitude

33.0039

Longitude

-96.6841

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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