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for $59 million in cash |
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Located just one mile from the Dallas/Fort Worth International Airport and 15 miles from downtown Dallas, the hotel is comprised of 491 rooms and contains 18,000 square feet of meeting space. Amenities include complimentary high-speed internet access, indoor and outdoor pools, fitness club, three food and beverage outlets, complimentary airport shuttle services, two-line speaker phones and data ports. Area attractions include the Grapevine Mills Mall, Bass Pro Outdoor World, Irving Arts Center, AMC 30 Screen Theater, Dr. Pepper Star Center and Texas Stadium. In addition to the airport, local demand generators include such companies as Abbott Labs, Siemens, Verizon Communications, Nokia, First Horizon, Canon, American Honda, Cap Gemini, Ernst & Young and Nissan North America. Highland Hospitality Corporation is a newly formed, self-advised lodging real estate investment trust, or REIT, focused on hotel investments primarily in the United States. The Company now owns eight hotel properties with an aggregate of 2,216 rooms in five states. Certain statements and assumptions in this press release contain or are based upon �forward-looking� information and are being made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. |
Contact:
Highland Hospitality Corporation www.highlandhospitality.com |