Total $0.00

BOCA RATON, FLORIDA, DECEMBER 4, 2013 - Waramaug LS Hotels, LLC, a private investment group and its institutional capital partner, announced today they have acquired the 108-key all suite Comfort Suites in Arlington, Texas. This transaction continues Waramaug's strategy to deploy $150 million over the next 12 months in the acquisition of high quality select service hotels.

The Comfort Suites is located just two miles from Six Flags Over Texas theme park and Six Flags Hurricane Harbor Water Park. It also offers convenient access to the Rangers Ballpark in Arlington, Cowboys Stadium, Arlington Museum of Art and the Arlington Convention Center. The Lincoln Square shopping, dining and entertainment district is less than a mile away.

"The acquisition of this award winning hotel earning Choice Gold recognition as a top performer in the Choice Hotels system and a superior property in a key Dallas-Ft Worth submarket aligns perfectly with our strategy of acquiring assets positioned to be market leaders," said Paul Nussbaum, Waramaug LS Hotel's Founder and Managing Partner. "We have an active pipeline of prospective targets of assets meeting our underwriting criteria."

The hotel will remain a Comfort Suites and will be managed by Interstate Hotels & Resorts.

About Waramaug LS Hotels

Waramaug LS Hotels, LLC, based in Boca Raton, FL is a privately held investment group formed in 2013 by Paul Nussbaum, Paul Stern and other senior hotel professionals. With this acquisition, Waramaug LS Hotels and affiliates' select service holdings comprise seven hotels totaling 800 rooms.

Contact: Paul Stern

Contact: Stacy Silver - Silver Hospitality Group / (954) 306-0747

Related News

Interstate Hotels & Resorts Assumes Management of the Westin Alexandria, VA in Partnership With Owner Junson Capital

ProfitSword Optimizes Sales Pace Data Tracking for a Leading Hotel Management Company

Interstate Hotels & Resorts Names Mike Wylie Head of eCommerce

Interstate Hotels & Resorts Names Fernando Salazar Senior Vice President, Food & Beverage

SCG America and Interstate Hotels & Resorts Open DoubleTree by Hilton Pomona Following Multi-Million Dollar Renovation

Greg O'Stean Named Chief Development Officer-North America of Interstate Hotels & Resorts

Waramaug LS Hotels and Woodmont Lodging Complete $2.4 Million Renovation of Holiday Inn Express & Suites Bentonville

Interstate Hotels & Resorts Selected by Borealis Hotel Group for Management of 12 Hotels in Western Europe

Interstate Hotels & Resorts Acquires Gateway Hospitality Group Management Platform

Interstate Names Rogier Hurkmans as Regional Vice President of Operations, Continental Europe

Waramaug LS Hotels LLC Acquires Candlewood Suites Athens, Georgia; Renovation Planned

Andrew Jordan Named Chief Marketing Officer of Interstate Hotels & Resorts

Interstate Hotels & Resorts Executes Three New Hotel Management Agreements Within Its Asia Investment Group

PNK Group & Hyatt to Bring New Build Unbound Collection by Hyatt to Hollywood, California

Interstate Hotels & Resorts Completes Acquisition of 83 Property Management Agreements from White Lodging

Interstate Hotels & Resorts Selected to Manage Renaissance Philadelphia Airport Hotel

Interstate Hotels & Resorts Executes Agreement to Acquire the Management Agreements of 83 Properties from White Lodging

Interstate Hotels & Resorts Adds Three Branded Hotels to Its Management Portfolio

Hospitality Funding, Inc. Arranged Funding for the Acquisition of the Comfort Suites Arlington, Texas

Interstate Launches New Lifestyle Softbrand, INTRIGUE Hotels & Resorts by Interstate

All News »

Please login or register to post a comment.