Towneplace Suites 99-key In Desoto, TX For Sale - Business for Sale
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99-Key TownePlace Suites Hotel in DeSoto, TX
Desoto, TX, US
Added 4 months ago
Hotel and Hospitality
TownePlace Suites in DeSoto, TX is a 99-key extended-stay hotel affiliated with Marriott, located in the Dallas-Fort Worth metro area.
Key Information
Asking
$16.9M
Revenue
–
Earnings
$1.6M
Multiple
10.5x
Key Highlights
- 99-key TownePlace Suites hotel located in DeSoto, TX
- Net Operating Income (NOI) is $1,610,861
- Cap rate is 9.58%
- Operating at 80.97% occupancy with $111 RevPAR
- Built in 2009 with approximately 63,097 square feet across four stories on 2.06 acres
- Recent renovations completed in 2023; estimated Property Improvement Plan (PIP) cost is approximately $150,000
- The business is a franchise affiliated with Marriott
Contact Info
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