AUSTIN, Texas—Hunter Advisors introduced the sale of the Embassy Suites by Hilton Dallas Love Area, a 248-room resort positioned adjoining to Dallas Love Area Airport. The property was bought by FelCor Dallas Love Area Proprietor, LLC, to Scenic Capital Advisors, LLC, in a transaction led by Kami Burnette, senior vp, at Hunter Advisors.
“The Embassy Suites at Love Area is a high-quality asset and marks our seventh acquisition in Texas prior to now 4 years,” stated Thomas Chen, principal at Scenic Capital Advisors. “We stay up for finishing a complete renovation and repositioning the resort to seize future progress throughout the Love Area submarket.”
The eight-story resort consists of 248 suites, with separate residing and sleeping areas, versatile workspaces, and in-room facilities together with a mini-refrigerator and microwave. The property additionally provides 4,400 sq. ft of assembly area throughout seven assembly rooms, a full-service restaurant and bar, complimentary made-to-order breakfast and night reception, an indoor pool, a health middle, and a enterprise middle.
“Buyers proceed to put important worth on belongings that provide yield, stability, and long-term progress in submarkets with sturdy fundamentals,” stated Kami Burnette, senior vp at Hunter Resort Advisors. “The Embassy Suites Dallas Love Area combines sturdy demand drivers, a confirmed working historical past, and a premier Hilton model inside a excessive barrier airport submarket.”
