Assignment Overview
RobertDouglas advised Stratford Hospitality on the sale of the Sheraton DFW Airport to The Buccini/Pollin Group. A recent, transformative renovation, a strong in-place cash flow, and additional value enhancement opportunities created substantial investor interest that ultimately led to the most optimal outcome for the Seller.
Hotel Overview
Located in the heart of the multi-faceted DFW submarket, the Sheraton DFW Airport had recently undergone a comprehensive, $6.8-million renovation, after which, it improved its comp set RevPAR ranking from fifth to second. The Hotel benefits from robust corporate, event, and travel infrastructure, including the nation’s third-busiest airport, the 275,000-square-foot Irving Convention Center, and nearly 30 million square feet of nearby office space with numerous Fortune 500 headquarters.
Deal Highlights
| Client (Seller): Buyer: Sales Proceeds: Key Count: | Stratford Hospitality The Buccini/Pollin Group $46 million 302 |
