HFF closes sale of 4-property Aloft hotel portfolio in Texas
DALLAS, TX - Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of a four-property Aloft-branded hotel portfolio totaling 549 keys in the Dallas-Fort Worth and San Antonio, Texas, areas.
HFF marketed the property on behalf of the seller.
The Aloft hotels in the portfolio are: the 136-key Aloft Frisco, 3202 Parkwood Boulevard in Frisco; the 136-key Aloft Plano, 6853 North Dallas Parkway in Plano; the 136-key Aloft Las Colinas, 122 East John Carpenter Freeway in Irving; and the 141-key Aloft San Antonio, 838 NW Loop 410 in San Antonio. All of the select-service Aloft hotels opened between October 2008 and March 2009. Part of the Starwood family, the Aloft brand is known for its modern features, including the re:mix lounge, splash outdoor pool, re:charge 24-hour fitness center and re:fuel by Aloft, a grab and go, self-service gourmet eatery.
The HFF investment sales team representing the seller was led by senior managing director and head of HFF’s hotel group Dan Peek, managing director John Bourret and senior real estate analyst Austin Brooks.
During the first quarter of 2015, HFF’s Hotel Group closed more than $1.3 billion in hotel transactions across all capital markets involving 30 hotels and resorts.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.