SpringHill Suites Dallas Arlington North

1975 E Lamar Blvd, Arlington, TX

$14,500,000

Price

6.56%

Cap Rate

$950,945.03

NOI

Overview
Cap Rate
6.56%
NOI
$950,945.03
Building Size
53,430 sqft
Lot Area
2.373 acres
Keys
120
Occupancy
64.2%
Year Built
1998
Floors
3
Description

The SpringHill Suites Dallas Arlington North is listed exclusively with Tabani Realty. The all-suite hotel has 120 guestroom across 3 floors with interior corridors. The building has an overall living space of 53,430 SF, averaging 17,810 SF per floor. The hotel sits on 2.373 acres of land that is also included in the sale. The hotel was built in 1998 and most recently completed a full renovation in May of 2019. Overall, the hotel has great reviews on all booking platforms and recently won the TripAdvisor Certificate of Excellence Award for 2019.

SpringHill Suites has many amenities that guests can enjoy. The guestrooms are spacious and have an updated, contemporary design. There is also 24-hour access to the fitness center, business center, and front desk. There is a complimentary breakfast included with every stay and free coffee/tea in the common area. For extra snacks and beverages, there is a sundry available. Additionally, there is free parking, free WiFi, and laundry services on site. For hosting an event, there is meeting space on-site.

The location of the SpringHill Suites Arlington is ideal for several reasons. The hotel is located right off Interstate 30, making is easy to access both downtown Fort Worth and downtown Dallas in around 20 minutes respectively. The hotel is surrounded by entertainment options that are located all within a few minutes. The most notable attractions are AT&T Stadium where the Dallas Cowboys play, Globe Life Park where North Texas Soccer Club will be playing in 2020, Globe Life Field where the Texas Rangers will start their new season, Six Flags Over Texas, Hurricane Harbor, Texas Live!, Verizon Theater, and Lone Star Park where races are held.

Arlington is a big city in the Dallas-Fort Worth-Arlington MSA. The most recent population of Arlington is 396,394. At just under 400,000 people, Arlington is the 3rd largest city in the metroplex; the 4th largest metroplex in the US. Additionally, Arlington is the 7th largest city in Texas and the 48th largest city in the US. Arlington is apart of Tarrant County, the third-most populous county in Texas and the 15th-most populous county in the US. The area is quickly growing as the DFW area saw the largest population growth in the US in 2018. Arlington is most known for the major attractions the city has. Arlington is located between downtown Fort Worth and downtown Dallas, closer to Fort Worth. Although the city has access to both major cities and their attractions, Arlington has plenty to see and do.

Sporting events are a notable attraction for Arlington. The city is home to AT&T Stadium, where many concerts are held and the Dallas Cowboys play their home games. Also, the city is home to the MLB baseball team, the Texas Rangers. The Rangers just wrapped up their final season in the Globe Life Park and are moving to their new stadium, Globe Life Field, starting in 2020. Globe Life Field was built with a retractable roof and is still located in Arlington. The original stadium, Globe Life Park, will still stay open and was recently announced to be the new home of the North Texas Soccer Club, the professional development team for FC Dallas.

Besides sports, the city is also home to Six Flags Over Texas and Hurricane Harbor. Also, Texas Live is a popular entertainment venue that offers food, beverages, and numerous large screens to catch various sporting events going on. There several restaurants and bars on-site for guests to choose from. There's also a few shops available as well. Additionally, a brewery is being built by the popular Revolver Brewing company that is set to open in 2019. Additional entertainment options are still in progress. What is really great about all these entertainment options is that they are located within minutes of the SpringHill Suites Arlington.

Highlights
  • Fully remodeled in 2019
  • 17 plus years remaining on franchise
  • 120 Suites guest rooms
  • Interior corridors
  • TripAdvisor Certificate of Excellence Award for 2019
  • Near AT&T Stadium (concerts and Dallas Cowboys)
  • Near Globe Life Field (new stadium for Texas Rangers in 2020)
  • Near Globe Life Park (North Texas Soccer Club)
  • Near Texas Live!
  • Near Six Flags Over Texas
  • Near Hurricane Harbor
  • Near Ripley's Believe It or Not!
  • Near Lone Star Park
  • Near Verizon Theater
  • Great reviews on all booking platforms
  • Easy highway access to Interstate 30
  • Surrounded by dining and nightlife options
  • 18 minutes from DFW International Airport
  • Between downtown Dallas and downtown Fort Worth
  • Complimentary breakfast buffet
  • Fitness center, Business center and Meeting space
Documents

Location