Hodges Ward Elliott (“HWE”) is pleased to present the opportunity to acquire the Hyatt House Dallas/Frisco, situated in one of the nation’s fastest-growing corporate and entertainment hubs. The Hotel enjoys an unparalleled location within walking distance of Comerica Center, Riders Field, and Stonebriar Centre, and benefits from proximity to over 27 million square feet of office space within a two-mile radius, including major corporate campuses such as Toyota (North American HQ - 2.1M SF), JPMorgan (regional HQ - 1.4M SF), and FedEx Office (world/corporate HQ - 265K SF).
Located in the thriving Frisco/Plano submarket, often called the “new central business district” of the Dallas metro, the area boasts over 50 million square feet of office space and rapid economic growth. Anchored by Frisco’s “Sports City USA” designation and transformative developments like the $520 million PGA of America project and $550 million Universal Kids Resort, the Hotel offers a unique investment opportunity in a high-demand market.
Property Overview
| Address: | |
| YEAR OPENED: | 2016 |
| KEYS: | 132 |
| STORIES: | 6 |
| Construction Type: | Concrete Block and Plank |
| SITE AREA: | ±2.54 Acres |
| MEETING SPACE: | 774 SF |
| F&B: |
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| AMENITIES: |
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| INTEREST CONVEYED: | Fee Simple |
| MANAGEMENT: | Unencumbered |
| LABOR: | Non-Union |
Investment Highlights
The Boom of Frisco
The Frisco/Plano submarket is one of the nation’s leading corporate hubs, with over 50 million square feet of office space, including major campuses like Toyota’s North America HQ, Liberty Mutual, JPMorgan, FedEx Office’s world/corporate HQ, Dr. Pepper Keurig, Capital One, PepsiCo, and more. The area, anchored by the premier intersection of the Dallas North Tollway and Sam Rayburn Tollway, has become the “new central business district” of the Dallas metro, home to dozens of Fortune 500 companies.
Frisco, crowned “Sports City USA,” is home to numerous sports venues just minutes from the Hyatt House, including Comerica Center (adjacent), Riders Field (0.5 miles), Ford Center (1.2 miles), Toyota Stadium (4.5 miles), FieldhouseUSA Frisco (4.9 miles), and the PGA of America Frisco Headquarters (11.3 miles), located within the PGA’s $520 million mixed-use development featuring two championship golf courses, establishing it as the new center of golf in America. These venues host the Dallas Cowboys, Dallas Stars, FC Dallas, NBA G-League Texas Legends, and the Texas Rangers’ Frisco RoughRiders (a Double-A affiliate minor league baseball team).
Dynamic Corporate, Leisure, and Entertainment Hub
The Hotel is surrounded by over 50 million square feet of office space in the Frisco/Plano area, including more than 27 million square feet within a two-mile radius. Its prime location offers a unique blend of accessibility to corporate, leisure, and sports demand drivers, being within walking distance of Comerica Center, Riders Field, and Stonebriar Centre.
Additionally, the Property is advantageously situated near exciting recently delivered and ongoing developments in the submarket, such as the highly anticipated Universal Kids Resort, currently under construction, further enhancing the area’s appeal.
Toyota North America Headquarters
2.1-million-SF North America headquarters
Legacy Business Park
2,800-acre, Class-A office and retail park
Capital One Campus
1.24-million-SF campus
Frisco Station
242-acre master-planned mixed-use
JCPenney Headquarters
1.9-million-SF global headquarters
Universal Kids Resort
$550 million, 97-acre theme park, open in 2026
JPMorgan Chase Campus
1.4-million-SF campus
PGA of America Headquarters
$520 million, 660-acre mixed-use development
Frisco - “Sports City USA”
Frisco has rightfully earned its title as Sports City USA, hosting a dynamic array of professional franchises, including the Dallas Cowboys, Dallas Stars, FC Dallas, the NBA G-League Texas Legends, and the Texas Rangers’ Frisco RoughRiders (a Double-A affiliate minor league baseball team). Beyond professional teams, Frisco attracts NCAA conferences and Olympic-level associations, hosting premier annual events and must-see tournaments.
Adding to its prestige, the PGA’s new $520 million mixed-use development, featuring the PGA of America headquarters and two championship golf courses, has positioned Frisco as the new epicenter of golf in America.
Riders Field
Toyota Stadium
Fieldhouse USA
Ford Center At The Star
Comerica Center
The Legacy Effect
Legacy West
Legacy West, a $3 billion, 255-acre mixed-use expansion of the 2,800-acre Legacy Business Park, is located at Highway 121 and the Dallas North Tollway. It houses major headquarters, including Toyota’s 2.1-million-square-foot North American headquarters with over 6,500 employees, as well as regional hubs for FedEx Office's world/corporate HQ, Liberty Mutual, JPMorgan Chase, and Ryan, LLC.
Legacy Business Park
The 2,800-acre, 15 million-square-foot Legacy Business Park hosts major corporate campuses, including Capital One and Frito-Lay. A long-standing development hub, it has recently expanded with Toyota, Liberty Mutual, and JPMorgan Chase, adding over 30,000 employees to the area.
DALLAS/FORT WORTH ECONOMY - #1 IN JOB & POPULATION GROWTH
The Hotel is centrally located at the heart of the Dallas/Fort Worth Metroplex, which boasts one of the strongest and most insulated economies in the country. Consistently ranked as one of Forbes’ top business climates, Dallas/Fort Worth continues to attract corporate relocations and new residents (over 415 per day) at an unprecedented rate. In 2023, the Dallas/Fort Worth metro once again led the nation in job growth, adding 139,700 new jobs (outpacing 2nd place New York MSA’s 122,200), leading the U.S. by a wide margin.
Proximate to the 2nd Busiest Airport in the U.S.
The Hyatt House is less than 20 minutes from Dallas/Fort Worth International Airport, the second busiest airport in the U.S. based on 2024 passenger traffic of 87.8 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. The airport has seen substantial growth in recent years, with passenger traffic rising 7.4% in 2024 compared to 2023.
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 / Strong Submarket Trends
For year-end 2024, RevPAR for the Hyatt House and the West Plano/Frisco submarket (upscale chain scale) rose by 5.8% and 3.1%, respectively.
Recognized by MarketWatch as the #2 Most Recession-Resistant City in the U.S. in 2023, Frisco benefits from a booming population, a diversified economy housing many blue-chip employers, and world-class sports facilities. These factors uniquely position the Hyatt House to maintain strong performance and capitalize on outsized growth opportunities.
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.
Very Attractive Acquisition Basis
Due to escalating land costs and rising construction expenses, the anticipated transaction price places a new owner’s all-in basis significantly below replacement cost allowing an investor to benefit substantially from a combination of location in a growing economy and upside opportunity.
