Alex. Brown Realty and TCOR Hotel Partners Acquire TownePlace Suites by Marriott in Northwest Dallas

Alex. Brown Realty, Inc. | January 25, 2018

BALTIMORE--Alex. Brown Realty, Inc. (ABR) and TCOR Hotel Partners (TCOR) have announced the acquisition of the TownePlace Suites by Marriott in Lewisville, Texas. ABR Chesapeake Fund V, a value-add real estate fund sponsored by ABR, invested $4.4 million in the joint venture. Financing for the project will be provided by Inwood National Bank. The 118-room extended-stay hotel is located within the Vista Ridge Business Park in Lewisville, a suburban-Dallas community within the thriving North Texas region. Positioned at the confluence of I-35 and state highway 121, the TownePlace Suites by Marriott Lewisville offers guests prime access to ...