Hodges Ward Elliott is pleased to offer the opportunity to acquire the Hyatt Place Dallas/Arlington (“Property” or “Hotel”) located at the doorsteps of one of the most prominent demand generators in the Dallas/Fort Worth metroplex, amongst the broader setting of Arlington’s famed Entertainment District. The 127-key Hotel sits in the heart of this booming district and is just seconds away from the NFL Dallas Cowboys’ AT&T Stadium, the MLB Texas Rangers’ Globe Life Field, two Six Flags theme parks, many corporate users, cultural destinations, and one of the largest airports in the world. With nearly $1 billion in new development under construction in Arlington, the fee-simple offering, unencumbered of both management and debt, represents the opportunity to own an institutional-quality, select-service hotel in one of the Sun Belt’s fastest-growing metropolitan areas.
| Address | 2380 E Road to Six Flags St, Arlington, TX 76011 |
| Opened | 1996 | Renovated | 2022/2023 ($4.2M / $33,000+ per key) |
| Keys | 127 |
| Stories | 6 |
| Construction Type | Block and Plank |
| Meeting Space | 1,200 SF |
| Food & Beverage | The Placery, The Market |
| Amenities | Outdoor Pool, Fitness Center, Business Center, Complimentary Breakfast |
| Interest Conveyed | Fee Simple |
| Management | Unencumbered |
| Labor | Non-Union |
Investment Highlights
IRREPLACEABLE LOCATION WITH DIVERSIFIED DEMAND
The Hyatt Place sits in the heart of Arlington’s booming Entertainment District, within the leading Dallas/Fort Worth Metroplex. Its strategic location just off Interstate 30 boasts excellent visibility and proximity to several of the top demand generators in the market. These include Six Flags Over Texas, Six Flags Hurricane Harbor Arlington, NFL’s AT&T Dallas Cowboys Stadium, MLB’s Texas Rangers Globe Life Field, and Choctaw Stadium - all within a five-minute drive from the Hotel.
Additionally, the Hotel is located within a five-mile radius of 103 million square feet of industrial/office space and several large-scale distribution centers, including Star AC Supply, Salcomp, Universal Pure, Arlington Automotive Logistics Center, General Motors, Northstone Distribution, and Arlington Business Park. The Property is also less than a 10-minute drive from prominent education and healthcare institutions, such as the University of Texas at Arlington, Texas Health Arlington Memorial Hospital, Millwood Hospital, and Kindred Hospital Tarrant County.
Proximate to the 3rd Busiest Airport in the World
The Hyatt Place is 15 minutes south of Dallas/Fort Worth International Airport, the third busiest airport in the world based on 2023 passenger traffic of 81.7 million. Consisting of seven runways, 27 airlines, and 260 destinations, the airport is within a 3.5-hour flight to any major destination in the continental U.S. In recent years, the airport has demonstrated tremendous growth, marked by a 9.1% increase in passenger traffic from July YTD 2023 to July YTD 2024.
Additionally, DFW recently initiated the construction of the much-anticipated addition of Terminal F, a $1.63-billion expansion of the hub’s south end that will drive new domestic and international routes through the 15 new gates. American Airlines and DFW also plan to spend another $3.2 billion on other improvements, including renovations and expansion for new gates at Terminals A and C, along with other modernization projects around the airport.
Ascending Operating Performance
The Property’s performance has been consistently on the rise since the troughs of the pandemic, with July 2024 YTD RevPAR representing a 3.2% increase over July 2023 YTD. Blending the Property’s comprehensive renovation, the area’s steady influx of new developments, nation-leading population growth, and an ongoing rise in notoriety, the Hyatt Place and Arlington market are poised to capture outsized growth.
Optimal Offering - Fee Simple, Non-Union, Unencumbered by Management
The Property is offered fee simple and free and clear of existing management and financing, affording new ownership maximum optionality in the future operation and capitalization of the Hotel.
RECENTLY RENOVATED, INSTITUTIONALLY MAINTAINED ASSET
The Property recently received a major $4.2M capital infusion to comprehensively transform the asset and bring it to current Hyatt standards. The renovation was completed in 2023, with the work disrupting the operations of the Hotel, and thus, its performance.
The Hotel is situated in the middle of the Dallas-Fort Worth metroplex, just off Interstate 30, and within a 20-minute drive from both cities. I-30 daily traffic volume exceeds 136,000 vehicles per day, playing a crucial role in connecting the rapidly growing population of the metroplex. As of the last estimates, the Dallas-Fort Worth-Arlington MSA had a total population eclipsing 7.9 million people.
The Hyatt Place’s location in the Entertainment District and alongside I-30 attracts numerous leisure and same-day transient business travelers. DFW, the fourth largest metropolitan area in the United States, consistently leads the nation in population and job growth. It has been the top performer in absolute job gains for several years in a row. As proof of its progress, DFW was ranked as the No. 1 investment market in the United States according to CBRE's 2023 Americas Investor Intentions Survey. In 2022, DFW continued its population and job growth trends by leading the entire country in population growth (adding 170,000 residents) in a year when most large cities experienced substantial contractions.