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3101 Dallas Parkway

Marcus & Millichap Brokers Sale Of 80-Room Holiday Inn Express & Suites In Plano, Texas
SOLDHotel

Marcus & Millichap Brokers Sale Of 80-Room Holiday Inn Express & Suites In Plano, Texas

3101 Dallas Parkway

Building Size

Asset Type

Hotel

Closing

Aug 7, 2025

AI

The Holiday Inn Express & Suites Plano West – Frisco is an 80-room hotel located at 3101 Dallas Parkway in Plano, Texas. The three-story hotel features an outdoor pool, fitness center, and business center, and is situated along the Dallas North Tollway, close to major employers and attractions.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: Not disclosed
  • Address: 3101 Dallas Parkway - Holiday Inn Express & Suites Plano West – Frisco
  • Market: Plano
  • Keys: 80
  • Broker: Chris Gomes - Marcus & Millichap

Chris Gomes, representing the seller in the transaction, is affiliated with Marcus & Millichap, which brokered the sale of the property. The specific terms of the transaction remain undisclosed.

Players

Christopher Gomes

Marcus & Millichap

Broker

$160.6M

vol

55 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Plano Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93