Paramount Lodging Advisors Arranges the Sale of Two Dallas-Area Fairfield Inn & Suites
June 19, 2017 1:43pm
DALLAS, TX— Paramount Lodging Advisors (PLA) has completed the sales of the Fairfield Inn & Suites in Las Colinas and the Fairfield Inn & Suites Fort Worth/Fossil Creek in the Dallas, TX area. Senior Managing Director Scott Griemsmann and PLA Associate, Subu Thiagarajan represented the sellers in the transactions. Both Scott and Subu represent Paramount Lodging’s West Coast office located in San Rafael, CA.
“Our team did an excellent job creating competition for the hotels. We produced roughly 350 executed confidentiality agreements, 60 tours, and 25 offers between the two hotels. This kind of market exposure coupled with the high demand for hotel investments in the DFW area created a great environment to maximize value for our owners.”
The sales included a combined total of 224 keys. Both the Fairfield Inn & Suites Las Colinas and the Fairfield Inn & Suites in Fort Worth have had over $2.5MM in capital improvements since 2013.
Tags: hotel brokerage,
paramount lodging advisors,
fairfield inn & suites las colinas,
fairfield inn & suites fort worthfossil creek
Paramount Lodging Advisors (PLA) is a hotel brokerage and advisory firm specializing in the sales of hospitality assets, debt and equity placement, as well as value enhancement services across the United States. For more information regarding PLA, please visit www.ParamountLodging.com.
Contact: Scott Griemsmann
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