Hawthorn Extended Stay by Wyndham Richardson

250 Municipal Dr Richardson, TX 75080

250 Municipal Dr, Richardson, TX, 75080
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FOR SALE
Property Type:
Other Hospitality
Amount:
$6,700,000
Last Verified:
Oct 25, 2024

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Highlights

  • 72 rooms in 3 buildings, arranged over 2 floors
  • Ideal for Multi Family Conversion
  • High entry barrier market for hotels and multi family
  • Recently renovated in 2022
  • Located off US Highway 75
  • Fully Renovated 4 bedroom Apartment on Site (In addition to 72 rentable rooms)
  • Strategically located near major corporations and thriving local businesses
  • Conference space (506 square feet) & banquet hall
  • Near George Bush Tollway and Dallas North Tollway
  • Charles W. Eisenman Center for Performing Arts – 1 mile
  • University of Texas at Dallas - 3 min drive
  • World class shopping at NorthPark Center & Dallas Galleria
  • Dallas Love Field - 15 miles
  • DFW Int’l Airport - 23 miles
  • Downtown Dallas - 16 miles
  • Dallas Museum of Art - nearby
  • Perot Science Museum - nearby

Description

Discover a lucrative investment opportunity with the Hawthorne Extended Stay in Richardson, Texas. This prime property offers an ideal blend of extended-stay comfort and hotel amenities, strategically located near major corporations and thriving local businesses. With spacious, well-appointed suites designed for long-term guests, Hawthorne appeals to a diverse clientele, ensuring consistent occupancy rates. Enjoy the advantages of a fully equipped business center, modern fitness facilities, and a welcoming communal atmosphere that enhances guest satisfaction.

The Richardson area is experiencing robust economic growth, making this investment a timely choice. Benefit from a motivated management team focused on maximizing revenues and maintaining high standards. Invest in the Hawthorne Extended Stay to capitalize on a growing market and secure a promising return on investment while supporting quality hospitality. The proximity to key landmarks, schools, healthcare facilities, and recreational areas makes this property attractive to a range of travelers.

Nestled in the thriving city of Richardson, Texas, the Hawthorne Extended Stay offers an exceptional investment opportunity in a prime location. Surrounded by a robust business hub, including major corporations and tech giants, this facility attracts both corporate travelers and long-term residents. With easy access to major highways, including US-75 and the George Bush Turnpike, guests can easily navigate the Dallas-Fort Worth area. The property features modern amenities, spacious suites, and a welcoming atmosphere, catering to the growing demand for extended stay accommodations. Richardson’s vibrant community, renowned for its excellent schools and diverse dining options, enhances the property's appeal. This well-positioned location not only promises steady occupancy rates but also capitalizes on the region’s economic growth, making it a lucrative addition to any investment portfolio.


Year Built: 1982
Building Size: 53681sq ft
Lot Size: 2.41 acres


Documents

Hawthorn Extended Stay Brochure

Map of 250 Municipal Dr, Richardson, TX, 75080

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.