Crown Plaza Dallas Near Galleria-Addison

Hospitality Property
Experienced Plus Sponsor
ASAP International Hotel, LLC
Los Angeles, CA

Offered By

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Assets Under
Management

Currently
$500MM less than 10 assets
Exited
$200MM less than 10 assets
Portfolio LTV
65%  
Historical
Realized Returns

Total IRR
25%  
Equity Multiple
3x  
Annual Cash
15%  
Years Of
Experience

As Principals
30+ years  
In Business
10 years  
Size
10 Staff * Dedicated investor relations
* All information is reported by ASAP International Hotel, LLC as of 6/16/2017.
Assets Under
Management

Currently
$500MM less than 10 assets
Exited
$200MM less than 10 assets
Portfolio LTV
65%  
Historical
Returns

Total IRR
25%  
Equity Multiple
3x  
Annual Cash
15%  
Years Of
Experience

As Principals
30+ years  
In Business
10 years  
Size
10 Staff * Dedicated investor relations
* All information is reported by ASAP International Hotel, LLC as of 6/16/2017.

About this Property

The recently renovated 428-room campus-style Hotel features approximately 32,000 square feet of state-of the- art meeting space, including a 7,687 square-foot ballroom and the area’s only lecture hall, which provides the Property with a significant competitive advantage. The Property has the second largest meeting and banquet space in Addison, allowing it to capture a substantial share of the corporate and social business. In addition, the Property contains two food and beverage outlets, an outdoor swimming pool, outdoor hot tub, two fitness facilities, a business center, and covered parking.

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Key Points

  • This institutional quality asset, built in 1984, underwent a comprehensive $9.9 million renovation in 2013.
  • Crowne Plaza Dallas received IHG’s “Renovation of the Year Award” in 2014.
  • Property is Located in the heart of Addison, the business and entertainment district of North Dallas.
  • Major Corporate employers include Zurich America, USAA, Hilton Worldwide, Fannie, Mary Kay Cosmetics, and many more.

Financials

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Offering Financial

Location Details

Addison, TX

The Hotel is located in the Heart of Addison, the business and entertainment district of North Dallas. Addison is a primary business hub that is home to headquarters and major office locations for national corporations including Mary Kay Cosmetics, Zurich America, USAA, Hilton Worldwide, United Surgical Partners, Dresser, Fannie Mae, Systemware, Concentra Operating Corporation, Credent Technologies, and MBNA-Bank of America.The hotel is also just 12 miles north of downtown Dallas and 17 miles northeast of Dallas/Fort Worth International Airport, the world’s sixth busiest airport. It is in close proximity to the recently rebuilt Interstate 635 (LBJ Freeway) and the Dallas North Tollway, providing convenient access to all points throughout the Metroplex including Fort Worth, Las Colinas, and the Legacy Business and Retail Park in Plano.

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Documents

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Offering Agreement Documents

Frequently Asked Questions

Below are some of the most frequently asked questions about this offering.

The funding deadline for this opportunity is November 1st, 2017.)

The first projected distribution is scheduled for December 2017.)

Distributions are scheduled to go out on a quarterly basis.)

Yes, non-US residents are welcome to apply.)

RealCrowd is free for investors. RealCrowd charges a technology access fee to the operating partner for our services. We do not charge investors any upfront fees, ongoing asset management fees or promote/carried interest in the investments.)

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RealCrowd is a marketplace that connects investors with qualified sponsors. We strive for transparency and impartiality. For this reason, we do not participate in any offerings on our site.)

Have a Question?

Send ASAP International Hotel, LLC and/or RealCrowd a message. If you have a question about this offering ask ASAP International Hotel, LLC. If you have a question about the transaction process or other general inquiry, RealCrowd will be happy to help.

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