AUSTIN, Texas—Hunter Advisors (Hunter) introduced the sale of the Aloft Lodge Las Colinas, a Marriott-branded, select-service lodge in Las Colinas, Texas. The transaction was led by Kami Burnette, senior vp, and Mason McDavid, vp, at Hunter Advisors.
The Aloft Lodge Las Colinas consists of 136 guestrooms and was inbuilt 2008. The property was initially a part of a four-hotel Aloft portfolio in Texas, however was offered individually because of the sturdy in-place money circulation that attracted yield consumers.
“This asset generated vital curiosity because of its sturdy in-place efficiency and positioning inside probably the most dynamic submarkets within the Dallas Metroplex,” stated Kami Burnette, senior vp at Hunter Advisors. “There’s not a whole lot of yield available in the market, which made this a compelling alternative for traders looking for each stability and upside submit renovation.”
The broader providing atmosphere highlighted continued investor demand for premium-branded, select-service resorts in high-growth Texas markets. The brand new proprietor will full the Marriott-required renovations.
“Leveraging our valued community of DFW-based hoteliers and traders, we have been capable of create a aggressive advertising and marketing course of that drove a powerful final result for the vendor and positioned the customer to profit from continued progress within the Las Colinas submarket,” stated Mason McDavid, vp at Hunter Advisors.
