for sale
Hotel Development (Dallas South)
1515 N IH 35 Ave | DeSoto, TX 75115
Investment Highlights
- Interior is fully cleared and prepared for immediate commencement of construction
- Comprehensive design, architectural plans, franchise approval, and numerous updates completed
- Franchise key money available – reducing hard costs
- Full-service operations: banquet and meeting space
- Strategically located, direct access to I-35E and I-20
- 30 minutes from DFW International Airport
Property Description
Amiti Bhow of NewGen Advisory is pleased to present a unique development opportunity to acquire a shovel-ready hotel project located in DeSoto, Texas—just minutes from Downtown Dallas. This 150-key, formerly operating hotel, has been cleared for redevelopment and is approved for conversion to a Radisson-branded full-service property. Alternative flags may also be considered, offering flexibility for experienced hospitality developers.
The property has undergone significant preparation for redevelopment: all FF&E has been removed, the interior has been fully cleaned out, building permits have been approved, architectural drawings are complete, and a general contractor has been identified. This advanced stage of readiness significantly reduces development risk and accelerates the timeline to market re-entry.
Strategically positioned as the only full-service hotel in proximity to the Convention Center, the asset also lies just minutes from a newly developed $100 million athletic complex, further enhancing its appeal to a broad demand base including business travelers, sports teams, and event-goers. This opportunity is ideally suited for capable developers with the financial capacity and operational experience to complete a high-impact hospitality project. With a substantial discount to replacement cost and a clear path to completion, this offering represents an exceptional value proposition in a thriving submarket of the Dallas-Fort Worth Metroplex.
Location Description
The property is strategically located in DeSoto, Texas, a growing suburb within the Dallas-Fort Worth Metroplex, just minutes from Downtown Dallas. The site offers excellent regional accessibility via I-35E and I-20, positioning it within convenient reach of major corporate, leisure, and transportation nodes, including Dallas/Fort Worth International Airport.
The property sits in direct proximity to several key demand drivers such as the DeSoto Civic Center, the newly developed $100 million athletic complex, Methodist Charlton Medical Center, and multiple retail and dining destinations. Notably, it will serve as the only full-service hotel in the immediate area, uniquely positioned to accommodate demand from the convention center and surrounding event venues. This critical advantage, combined with overflow business from the Dallas CBD and limited local competition, creates a compelling opportunity for future ownership to capitalize on strong and diverse revenue streams.
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Click the “Complete Confidentiality Agreement” button below to access the due diligence files. After you submit the CA form, you will receive an automated email with links to the due diligence files and offering memorandum.
Amiti Bhow
Vice President
AZ #SA704817000
(917) 596-6578
abhow@newgenadv.com
BROKER OF RECORD
Richard Queen
NewGen Advisory TX, LLC
TX # 422024