• Homewood Suites Dallas - Irving - Las Colinas   

CBRE Hotels is soliciting offers to acquire the fee-simple interest in the Homewood Suites Dallas-Irving-Las Colinas in Irving, Texas. Located off Highway 114 and close to Dallas Zoo, Six Flags Over Texas, AT&T Stadium, Hurricane Harbor, American Airlines Center, the 136-room hotel receives business from a diverse population of both corporate and leisure segments.

Investment Highlights

  • Institutionally-Owned Homewood Suites - Opportunity to acquire an institutionally-owned, 136-room, three-story, Homewood Suites that was fully renovated in the 2017-2018 period.
  • Operational Efficiency Opportunities - The Homewood Suites will be delivered unencumbered of management, providing management flexibility for the new owner. Because of the current operator’s national presence and significant corporate overhead allocation, this project presents significant potential for a more hands-on operator to optimize the hotel’s top-line revenue and streamline the operational expenses effectively.​​​​​​​
  • Centralized Location/Major Developments - Situated within the Las Colinas Urban Center, the hotel is surrounded by the Irving Convention Center, the Toyota Music Factory entertainment and restaurant complex, the Mandalay Canal, over 6 million square feet of office space, and 9,000 apartment, condominium and townhouse units. Additionally, the Urban Center is set to welcome the Wells Fargo’s new $455 million regional hub, the biggest office development underway in Texas that will house at least 4,000 employees when completed in 2025.
  • Strong Corporate Growth - Irving is known as “Headquarters of the Headquarters”. Eight Fortune 500 companies and four Fortune 1000 companies have their corporate headquarters in Irving - Las Colinas, including Exxon Mobil, McKesson Corp, Kimberly Clark, Michaels, Nexstar Communications, etc.​​​​​​​
  • Dallas/Fort Worth (DFW) MSA is the 3rd Largest Metro Area in the Country and the Largest in the South - Contributing about one-third of Texas’ GDP, DFW’s economy is the most diverse in the state. Thanks to its central location, low cost of living, world-class cultural and art institutions, state-of-the-art hospitals, universities, and robust transportation connectivity, DFW has become a top relocation destination for corporations and job seekers alike.

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