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
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