1000 Dowdy Ferry Rd Hutchins, TX 75141
- Hospitality properties
- 41,672 SF
- 2.00 lot acres
Current Use by Public Records
- La Quinta Inn & Suites by Wyndham Dallas - Hutchins / Hotel / Inn
- Troup Lodging LLP / Indoor Lodging
Property Details for 1000 Dowdy Ferry Rd
- Year built
- 2008
- Lot size
- 2.00 lot acres
- Property size
- 41,672 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This 65-key La Quinta Inn & Suites in Hutchins, Texas, presents a compelling investment opportunity. Situated on a 2-acre lot, this four-story, 41,672 square foot hotel boasts a 93.11% occupancy rate and a Net Operating Income (NOI) of $910,524, yielding a 9.16% capitalization rate. Built in 2008, the property benefits from its location just 12 minutes south of downtown Dallas, offering excellent visibility from I-45. The strong market demand is evidenced by a Market Penetration Index (MPI) of 113.8, and an Average Daily Rate (ADR) of $92.17, with further potential for growth following the completion of planned interior renovations estimated at $500,000. A $4,000 per key cash incentive is available for the remaining Property Improvement Plan (PIP) work
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hutchins
- County
- Dallas
- State
- Texas
- Longitude
- -96.7053
- Latitude
- 32.6488
