The Stonebriar Collection_Property for Sale

Frisco, TX, US, Americas

The Stonebriar Collection

Portfolio description

JLL has been exclusively retained to offer for sale all of the common stock of the corporations that indirectly hold the fee simple interests in the 302-key Westin Dallas Stonebriar Golf Resort & Spa (the "Westin Property", or "Resort") and the 168-key Sheraton Stonebriar Hotel (the "Sheraton Property", or "Hotel", collectively referred to as the “Portfolio”, “Properties”, or “Hotels”), strategically located in the Stonebriar area of Frisco, Texas, historically named the fastest-growing city in the U.S. Providing convenient access to the region’s premier corporate headquarters, upscale retail centers, and popular entertainment venues, as well as the renowned Stonebriar Country Club, the Portfolio presents a unique opportunity to acquire two complementary, completely renovated Hotels in one of the fastest-growing submarkets in the Dallas / Fort Worth metroplex.

Fee simple and unencumbered by management, the Portfolio presents a compelling opportunity to acquire two market-leading Hotels with more than $45.1 million ($96,000 / key) in combined capital improvements since 2020. Positioned in the affluent and fast-growing North Dallas corridor, the Hotels benefit from the strength of Marriott International branding, operational flexibility, and on-going upside from post-renovation performance ramp. This is a rare opportunity to gain immediate scale and market share in one of the region’s most desirable lodging markets.

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Attributes

Keys

470

Land area gross

5.71 ha

Year renovated

2023

Tenure

Freehold

The Stonebriar Collection (2 Properties)

Media

Investment Highlights

Prime Location in North Dallas’ Dynamic Growth Hub of Frisco, a magnet for high-profile corporate campuses and mixed-use developments.

Dallas / Fort Worth Leads Nation in Job Creation & Population Expansion with over 170 corporate headquarter relocations since 2010 and over 815,000 new residents expected over the next five years.

Positive Hospitality Fundamentals with 2020 - 2028 RevPAR growth in the submarket expected to outpace U.S. inflation by a 10.2% CAGR.

Superiorly Renovated Hotels Offering Robust In-Place Cash Flow & Growth Potential without the need for further upfront investment or renovation.

Unparalleled Amenity Offerings including multiple dining options, state-of-the-art fitness facilities, resort pool, spa, golf access, and versatile spaces for work, recreation, and leisure.

Optimally Unencumbered fee simple, free and clear of debt, and unencumbered of the existing management agreements.

Substantial Discount to Replacement Cost given current construction costs and associated financing challenges, effectively rendering the Properties virtually irreplaceable in today’s market for comparably overbuilt opportunities in one of the nation’s top growth markets.

Excellent Brands Connected to an Industry-Leading Distribution Platform with Marriott as the preeminent lodging company in terms of customer loyalty and consumer recognition.

Attractive Financing Profile leveraging its superior brand affiliations, recent capital investments, robust cash flow, and the ongoing ramp-up of Sheraton Stonebriar.