• Homewood Suites Plano North Dallas   

CBRE Hotels is soliciting offers to acquire the fee-simple interest in the Homewood Suites Plano North Dallas in Plano, Texas. Located close to The Shops at Willow Bend Mall, Stonebriar Mall, Ford Center at the Star, Hewlett Packard Enterprise, NTT DATA, and several restaurant and recreation areas, the 99-room hotel receives business from a diverse population of both corporate and leisure segments.

Investment Highlights

  • Institutionally-Owned Homewood Suites - Opportunity to acquire an institutionally-owned, 99-room, four-story, Homewood Suites that was fully renovated in the 2017-2018 period. Within a 4-mile radius of the hotel, there are three major medical care providers - Baylor Scott & White Medical Center, Medical City Plano, and Texas Health Presbyterian Hospital.
  • Operational Efficiency Opportunities - The Homewood Suites will be delivered unencumbered of management, providing management flexibility for the new owner. Because of the current operator’s national presence and significant corporate overhead allocation, this project presents significant potential for a more hands-on operator to optimize the hotel’s top-line revenue and streamline the operational expenses effectively.​​​​​​​
  • Diverse Demand Drivers - The hotel is in proximity to multiple commercial and corporate campuses, including Mary Kay Global Headquarters, Ericsson North America Headquarters, and FedEx Headquarters. It is also within a short distance to the area’s diverse array of shops, restaurants, and entertainment area. Thanks to its strategic location, the Homewood Suites is positioned to capture business from a diverse population of both corporate and leisure clientele.
  • Plano is the 9th Largest City in Texas and the 4th Largest in the DFW Region - Plano is home to more than 287,000 residents, more than 13,000 businesses, and 67 Forbes Global 2000 companies, which includes many globally recognized brands. Located in the heart of the DFW metroplex, the vibrant and dynamic city offers a wide range of attractions and activities from world-class shopping and dining to exciting outdoor adventures of cultural experiences.​​​​​​​
  • Dallas/Fort Worth (DFW) MSA is the 3rd Largest Metro Area in the Country and the Largest in the South - Contributing about one-third of Texas’ GDP, DFW’s economy is the most diverse in the state. Thanks to its central location, low cost of living, world-class cultural and art institutions, state-of-the-art hospitals, universities, and robust transportation connectivity, DFW has become a top relocation destination for corporations and job seekers alike.

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