M&M ARRANGES SALE OF 146-ROOM COURTYARD BY MARRIOTT IN DALLAS

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Courtyard-Dallas-LBJ-at-Josey

The Courtyard Dallas-LBJ at Josey is a 146-room hotel with a long-term franchise agreement.

DALLAS — Marcus & Millichap has arranged the sale of The Courtyard Dallas-LBJ at Josey, a 146-room hotel with a long-term franchise agreement. Chris Gomes of Marcus & Millichap’s Dallas office, along with Allan Miller of the firm’s San Antonio office, represented the seller and procured the buyer, both Dallas-based private investment groups. The three-story concrete structure was built in 1986 and went through renovations and upgrades in 2014 and 2015, including the addition of modern amenities and finishes throughout. Common areas include an on-site restaurant with bar, sundry shop, fitness center and two event rooms with a total of 1,248 square feet of event space.

Source: RE Business Online