Newly build La Quinta Delsol for Sale

3750 Market St, The Colony, TX

$9,300,000

Price

7%

Cap Rate

$650,740.95

NOI

Overview
Cap Rate
7%
NOI
$650,740.95
Building Size
47,412 sqft
Lot Area
2.04 acres
Keys
81
Year Built
2017
Floors
4
Description

The La Quinta in The Colony, Texas is exclusively listed with Tabani Realty. The hotel opened in 2017 and has been maintained in excellent condition. There are 81 rooms across 4 floors in a single building with an overall living space of 47,412 SF. The hotel offers free breakfast, free WiFi, an indoor pool, onsite business center, and meeting room. The guest rooms come equipped with mini-fridge, microwave, desk, ironing board and flat-screen TVs. For extra convenience, there is a sundry on-site for guests.

The hotel has the most updated La Quinta design scheme known as the Del Sol Prototype. According to the La Quinta website, it describes the it as a guest-inspired, owner-friendly design makes a bold and inviting statement for today’s and tomorrow’s guest. The new Del Sol prototype is part of La Quinta’s overall business strategy to innovate for the benefit of our guests and hotel owners. The use of bold shapes, colors and textures creates unique and distinctive elevations on the exterior. The adaptable and scalable footprint optimizes the site and fully maximizes ROI potential. With its unique elements and curb appeal, the Del Sol prototype is a beacon that will attract travelers to La Quinta and drive value for La Quinta hotel owners.

The Colony is a city in Denton County, Texas, and a suburb of Dallas. The population is 42,408 as of 2016. The Colony is home to the Five Star Athletic Complex, completed in 2003. The Colony was named the Sports Illustrated 50th Anniversary Sports Town of The United States in that same year. The city is home to Pizza Inn's corporate headquarters as well as an Edward Don distribution center and a variety of small and medium-sized businesses. The Grandscape development, anchored by Nebraska Furniture Mart, is driving a new development boom in the city. Located on the southeast side of the city, across Sam Rayburn Tollway (Highway 121) from the larger part of the city, is Austin Ranch, a mixed-use development consisting of retail businesses, apartments and condominiums. The Colony is very close to Frisco and Plano, which both have many exciting attractions to visit and numerous major employers.

Highlights
  • Opened in March 2017
  • 81 Rooms - Del Sol Prototype
  • TripAdvisor Certificate of Excellence Award for 2019
  • Winner of "Best of La Quinta Award"
  • Great reviews on all booking platforms
  • Easy highway access to 121/Sam Rayburn Tollway
  • Surrounded by dining and entertainment options
  • Many restaurants nearby
  • Very close to Frisco and Plano
  • Less than 10 minutes from Legacy West and Shops of Legacy
  • Near top business corporate offices and headquarters
  • Close to Lake Lewisville
  • Free breakfast
  • Free WiFi
  • Business center
  • Fitness center
  • Meeting room
  • Indoor pool and hot tub
  • Smoke-free hotel
  • Sundry/convenience store on-site
Documents

Location
Gallery