Towneplace Suites 99-key In Desoto, TX

$16,950,000 TownePlace Suites Dallas DeSoto featuring 99 keys, $1,610,861 NOI, and a 9.58% cap rate. Operating at 80.97% occupancy with $111 RevPAR, this extended-stay Marriott asset delivers strong in-place cash flow in the Dallas–Fort Worth metro area. Built in 2009 and totaling approximately 63,097 square feet across four stories on 2.06 acres, the property benefits from premium brand affiliation and Marriott’s global reservation and loyalty platform. Recent renovations completed in 2023 and a 7-year refresh program support minimal capital needs, with an estimated PIP of approximately $150,000. Strategically located just 15 minutes south of Downtown Dallas along the I-35E corridor, the hotel captures demand from Methodist Charlton Medical Center, Baylor Scott & White, Amazon, Kohl’s Distribution, Solar Turbines, and other corporate and logistics employers. Additional growth drivers include the $1.7 billion Southern Gateway expansion project and a major “eater-tainment” district underway featuring a sports training and medicine complex. Positioned in the growing DeSoto submarket, this stabilized, cash-flowing asset offers institutional quality performance with long-term upside in a prime DFW location.