Investment Highlights:
Property Details: The four-story Hilton-franchised hotel consists of 111 guest rooms located on 2.2 acres of land.
Prime Location: Located just off Sam Rayburn Tollway (Highway 121), the Property is highly visible from the expressway and is positioned across the freeway from the Grandscape Development.
New Construction Opportunity: Opened in November 2020, the Tru by Hilton The Colony is the newest midscale hotel in the submarket.
Diverse Demand Generators: TopGolf, Toyota Headquarters North America, The Grandscape, and Legacy West Development are all located within five miles of the property as well as numerous corporate offices including FedEx, Ericsson, JCPenney, and Boeing.
Proximity to Airports: Located 15 miles from the Dallas-Fort Worth International Airport, the property is a short drive from the fourth-largest airport in the U.S., based on passenger boarding. Dallas Love Field is located 25 miles from the Property.
Unencumbered Offering: The Property is offered fee simple and clear of existing management and financing contracts. Additionally, the Property comes with a long-term 20-year franchise license from Hilton.
Property Overview:
The 111-room, four-story Tru by Hilton Dallas - The Colony is positioned off Highway 121, conveniently located at the intersection of Paige Rd/Plano Parkway. The midscale hotel features a pool, fitness center, business center, and lounge area. Guest rooms offer a flat-screen television, microwave, refrigerator, and work desk.
Location Overview:
Grandscape:
Grandscape is a 433-acre, $1.5 billion multi-use development and entertainment center with six courtyards opening March 2020 including Andretti Indoor Karting and Games with super karts, bowling, and arcade games. The development will also house Scheels, a supersized sporting goods store that has a 65-foot Ferris Wheel inside; Galaxy Theaters, a 15-screen venue that features Sony Digital Cinema premium large-format (PLF) auditoriums; Lava Cantina, a 28,000-square-foot live music venue, and Grandscape will be connected to the Cascades through an under-the-highway trail. Nebraska Furniture Mart, the largest home furnishing retail and warehouse development in the nation, anchors the development that boasts restaurants such as Rock & Brews, Seven Doors Kitchen & Cocktails, Windmills, and P.F. Chang’s.
Lewisville Lake:
Perfect for camping, fishing, water skiing, and boating, the Lewisville Lake provides 29,000 acres of recreational water activities surrounded by 16,500 of park and wildlife.
121 Corridor:
Located along Highway 121, the 121 Corridor houses many major company campuses that include Toyota, FedEx, JPMorgan Chase, NTT Data, JCPenney, and PepsiCo. Along with major headquarters, Legacy West, located 4.6 miles from the hotel, includes not only the Shops at Legacy, but also a $2 billion mixed-use project.
Hawaiian Falls Waterpark:
Hawaiian Falls The Colony, located 0.4 miles from the hotel, offers family-friendly fun with multiple water slides, a wave pool, lazy river, and even a 65-foot high Waikiki Wipeout body slide.
Stonebriar Centre:
This 1.6 million-square-foot mall is anchored by Nordstrom, Macy’s, and Dillards with almost 200 retail stores and restaurants drawing in shoppers in the area.
Dallas/Fort Worth International Airport:
Dallas Fort Worth (DFW) International Airport is the world’s fourth busiest airport, offering nearly 1,850 flights per day and serving 64 million passengers a year, with service from 27 passenger airlines and 21 cargo carriers.
TopGolf:
TopGolf The Colony is located next door to the hotel, offering fun point-scoring golf games, upscale bar food and drinks, and music for approximately 50,000-plus people annually.
