Plano Homes and Land

Plano hotel will have loft theme

Nylo boutique chain offers lots of electronics, some allergy-easing rooms
11:04 PM CDT on Monday, September 18, 2006
By STEVE BROWN / The Dallas Morning News

A new hotel brand is kicking off a nationwide expansion, starting in Plano.
Nylo Hotels said Monday that it would build a 176-room boutique hotel in the Legacy business park.

The project will cater to trendy business travelers with loft-style rooms and electronic gizmos.
Allergy sufferers can also request one of dozens of sneeze-free rooms.
Atlanta-based Nylo plans to open 50 hotels during the next four years.
The Plano location will break ground later this year. A second hotel is planned near Providence, R.I.
"These cities have dynamic business communities with outstanding dining, recreation and nightlife," John Russell, Nylo Hotels' chief executive, said in a news release. "They make ideal inaugural sites for our new lifestyle hotel brand."
The Plano hotel will open about a year after construction begins, Nylo spokeswoman Sharlet Brennan said.
"It's a whole new category – boutiques for business travelers," she said.
The Plano Nylo will have rooms with exposed brick and concrete walls and custom-made furnishings. Each room comes with a flat-screen TV, wireless high-speed Internet access and connections for digital music players.
The hotels will also have a 24-hour restaurant, bar, library, business center, game room and boutique. All of the properties will be smoke-free.
And 44 rooms in the Plano hotel, at the northwest corner of Preston Road and Headquarters Drive, will be "allergen-resistant guest rooms" built with hypoallergenic materials and air-filtering systems.
Rates in the 88,500-square-foot hotel will run between $120 and $140 a night.
"We're creating a new lodging category in the form of a stylish and affordable lifestyle hotel," Mr. Russell said. "What JetBlue, Ikea and Mini Cooper have accomplished in their industries, Nylo will do for business travel."
Other big hotel chains are zooming in on this type of property.
Starwood Hotels & Resorts Worldwide Inc.'s W Hotels is launching a division called aloft with small, urban-style hotels.
Nylo may have a bit to learn about the North Texas lifestyle and local geography. The company promises in its announcement that the Plano location is "within walking distance of two major malls."
Stonebriar Centre Mall is in the neighboring town of Frisco, and the Shops at Willow Bend mall is about three miles south of Legacy on the Dallas North Tollway.

With the lower interest rates of the past several years and many different loans programs to choose from; many people bought a lot more home than they could afford.
Now that interest rates are on the rise and many that took out short term ARMS, their mortgage payments could have doubled! Along with gas and electric increases, people are backing out of their loans and homes, all price points are found in the largely increasing foreclosure market. I believe that lenders banks etc. have gotten so may homes back that they will be dumping a lot of them, just beware of back taxes and repairs that need to be done, investors have great opportunity here. Great for anybody that wants to do some work and get in some great neighborhoods that have yet to appreciate to potential. There are some fab homes out there and prime for a deal!

So...areas that are north of LBJ, now are experiencing a price appreciation because it is still close in to the city, if you work there. Plano is going to be the next explosion in appreciation, 20 miles north right off the tollway, luxury suburban living at its finest, great schools, restaurants, shopping, & MAJOR Corps. that are based here that Dallas lost. Plano spends your tax dollars wisely, we have no state income tax, but our property taxes are 2.25%, we have Parks & Land to roam, homes built between 1985-2006. Lots of family friendly activities...a great place to call home. If cost of living is eating into you in California, Plano is a great place to buy before the next wave....
PlanoHomesandLand.com

1. Find a real estate professional who’s simpatico. Homebuying is not only a big financial commitment, but also an emotional one. It’s critical that the practitioner you choose is both skilled and a good fit with your personality.

2. Remember, there’s no “right� time to buy, any more than there’s a right time to sell. If you find a home now, don’t try to second-guess the interest rates or the housing market by waiting. Changes don’t usually occur fast enough to make that much difference in price, and a good home won’t stay on the market long.

3. Don’t ask for too many opinions. It’s natural to want reassurance for such a big decision, but too many ideas will make it much harder to make a decision.

4. Accept that no house is ever perfect. Focus in on the things that are most important to you and let the minor ones go.

5. Don’t try to be a killer negotiator. Negotiation is definitely a part of the real estate process, but trying to “win� by getting an extra-low price may lose you the home you love.

6. Remember your home doesn’t exist in a vacuum. Don’t get so caught up in the physical aspects of the house itself—room size, kitchen—that you forget such issues as amenities, noise level, etc., that have a big impact on what it’s like to live in your new home.

7. Don’t wait until you’ve found a home and made an offer to get approved for a mortgage, investigate insurance availability, and consider a schedule for moving. Presenting an offer contingent on a lot of unresolved issues will make your bid much less attractive to sellers.

8. Factor in maintenance and repair costs in your post-homebuying budget. Even if you buy a new home, there will be some costs. Don’t leave yourself short and let your home deteriorate.

9. Accept that a little buyer’s remorse is inevitable and will probably pass. Buying a home, especially for the first time, is a big commitment, but it also yields big benefits.

10. Choose a home first because you love it; then think about appreciation. While U.S. homes have appreciated an average of 5.4 percent annually from 1998 to 2002, a home’s most important role is as a comfortable, safe place to live.

Do you want to know about West Plano? Community information focused on the 91,000 peoples and families that reside in this beautiful enclave of homes. Only twenty miles from Dallas and the DFW airport, the location is ideal and topography is beautiful.
Plano Homes and Land.