MCR has acquired the Courtyard Dallas Grand Prairie, a four-story, select-service hotel with 120 rooms in Grand Prairie, TX. The hotel was purchased with acquisition financing from American Momentum Bank in place, at a rate of SOFR plus 260 basis points and a 65% loan to value.
Opened in 2021, the hotel is located 20 minutes south of the Dallas Fort Worth International Airport. The Dallas Fort Worth MSA is now home to almost eight million residents, representing an increase of 22% over the past decade. And it’s a market the MCR team knows well: this hotel is the company’s eighth hotel in Dallas and its 39th hotel in Texas.
Grand Prairie’s attractions draw in almost 10 million visitors per year. The hotel is near the Arlington Entertainment District, AT&T Stadium, Globe Life Field, Six Flags and Hurricane Harbor Arlington waterpark. Texas Live! is also close by along with Arlington Backyard, an outdoor concert and festival destination.
Across the street from the hotel is Epic Waters Indoor Waterpark. Also nearby is Chicken N Pickle—an entertainment complex with pickleball, food and drinks, as well as numerous other restaurants.
The area is also a major manufacturing and distribution hub, with a significant presence from major corporations like Lockheed Martin, Poly America, Flex N Gate, General Motors and Mission Foods, among others.
The Courtyard Dallas Grand Prairie is located at 2850 South State Hwy 161 and features:
- 120 rooms and suites
- The Bistro (full-service restaurant and bar)
- Grab-and-go market offering snacks and beverages
- Outdoor pool, putting green, patio bar and firepit
- Fitness center
- Complimentary on-site parking
- 24-hour business center
- Free WiFi
- 2,000 sq. ft. of meeting space
