Carrollton, Texas, a suburb of Dallas, offers a unique opportunity for investors to capitalize on the city's growing economy. With 2 hotels for sale, Carrollton presents an attractive option for those looking to invest in the hospitality industry. Hotels in Carrollton can represent a range of investments, from boutique hotels to large chain establishments, each offering a unique set of benefits and opportunities. The city's well-structured government, diverse economy, and excellent infrastructure make it an ideal location for hotel investments. Carrollton's proximity to major highways, public transportation, and airports, including Dallas/Fort Worth International Airport and Dallas Love Field, ensures easy access for visitors. The city's amenities, such as the Carrollton Public Library and the 13,000-capacity Tommy Standridge Stadium, also contribute to its appeal. Additionally, Carrollton's cultural attractions, including the Festival at the Switchyard and the Carrollton Trails Festival, make it a great place for business and travel, with notable companies like FASTSIGNS International, Inc., Halliburton's Easywell, and Motel 6 (G6 Hospitality) calling the city home.
Carrollton's hotels, with an average price per square foot of $129 USD and an average size of 54,915 square feet, offer a range of opportunities for investors. The city's largest hotel, with 78,000 square feet, demonstrates the potential for large-scale investments. In addition to hotels, Carrollton also offers investments in restaurants, with their unique blend of Asian cuisine and American flavors, apartment buildings, which provide housing for the city's diverse population, and shopping centers, which cater to the needs of both locals and visitors. Each of these property types offers a unique set of benefits and opportunities, making Carrollton an attractive option for investors. With its diverse economy, excellent infrastructure, and cultural attractions, Carrollton is an ideal location for business and travel, making it a great place to invest in hotels and other property types.
What factors should I consider when buying a hotel in Carrollton?
When buying a hotel in Carrollton, there are several key factors to consider, including:
- The local economy, which is driven by major industries such as technology, hospitality, and retail, with large corporations like FASTSIGNS International, Inc., Halliburton's Easywell, and Motel 6 (G6 Hospitality) based in the city.
- The city's infrastructure, which includes major transportation facilities like Interstate 35E, the President George Bush Turnpike, and the Sam Rayburn Tollway, as well as proximity to Dallas/Fort Worth International Airport and Dallas Love Field.
- The current market conditions, with 2 available listings of hotels, an average price per square foot of $129 USD, and an average cap rate of.
It's also important to research the local amenities, such as the Carrollton Public Library, Tommy Standridge Stadium, and the city's arts scene, which can impact the hotel's appeal to guests. Additionally, understanding the city's zoning laws and regulations, as well as the local government's policies and initiatives, can help inform your investment decision. For more information on financing your hotel purchase, consider exploring CRE loans, also known as commercial real estate loans, as outlined in our article at https://www.loopnet.com/cre-explained/finance/cre-loans/.
How is the value of a hotel for sale typically calculated?
When evaluating hotels for sale in Carrollton, Texas, the value of a property is typically calculated through a comprehensive CRE appraisal, which takes into account various factors such as the property's income, expenses, and local market conditions. To learn more about the CRE appraisal process and how it affects hotel valuations, check out our article at CRE appraisals.
In Carrollton, where there are currently 2 available listings of hotels, investors and buyers can expect to pay an average price per square foot of $129 USD. The average size of these hotels is 54,915 square feet, with the largest property spanning 78,000 square feet. Additionally, the average cap rate for hotels in Carrollton is , providing investors with a sense of the potential return on investment.
