12-Story Dallas Hotel Under Construction Auctions Dec 15th

13931 Noel Road, Dallas, TX 75240

12-story hotel under construction on 1.52+/-ac just north of the Galleria in North Dallas. Conveniently located close to Addison with easy access to the Dallas North Tollway and I-635 (LBJ). Construction began in 2020 and has progressed up to the 8th floor, with the floor of the 10th floor to be completed before the auction. Plans for the hotel include 295 suites (minimum of 500 SF each), three retail spaces, full restaurant, bar, Grab and Go room with coolers, rooftop pool and deck, large fitness facility, function room, and dog run totaling over 328,000+/- sf along with two floors of underground parking below the building. Utilities have not yet been installed, so conversion to other uses is possible, including multi-family, condos, dorms, senior living, or something new. Lots of flexibility with MU-2 zoning in place.

Auctions: 3:00 PM CST Thursday, December 15, 2022

Bid On-Site or live from anywhere at auctionnetwork.com

All inspections must be scheduled with at least 72 hours notice and

occur during business hours Monday thru Friday.

Preauction offers are encouraged and qualify for a lower buyer's premium. See terms of sale for details.

Seller financing available to all buyers for amounts over $5 million (6%, one-year term)

TX Broker: Williams & Williams Worldwide Real Estate, LLC

David Montalvo, Lic. No. 595597

Jerry Michael Jones Auc. Lic. 6756

Buyer’s Premium may apply.

williamsauction.com

800-801-8003