holiday inn express suites irving convention center las colinas
Tandy O. Lofland and Mark J. Rome Co-Broker Sale of Las Colinas Holiday Inn Express & Suites
Intergroup Realty, Inc. | June 9, 2016
June 9, 2016 - Tandy O. Lofland, founder and CEO of Intergroup Realty, Inc. and Mark Rome, president of MJ Rome, announced their firms advised the seller in the recent $10,500,000 sale of the Holiday Inn Express & Suites Irving Convention Center – Las Colinas in Irving, Texas. The Texas-based brokers were able to source a strong local buyer that understood the upside opportunity for the hotel within the thriving Las Colinas sub-market. The 128-room hotel is adjacent to the Irving Convention Center and enjoys world-class corporate and leisure demand due to its prime location in the several-thousand-acre, upscale Las Colinas dev...
Summit Hotel Properties Completes Sale of Holiday Inn Express & Suites in Irving, Texas for $10.5 Million
Summit Hotel Properties | June 1, 2016
AUSTIN, Texas, June 1, 2016 -- Summit Hotel Properties, Inc. (NYSE: INN) ("the Company") announced today that on May 13, 2016, it completed the sale of the Holiday Inn Express & Suites located in Irving (Las Colinas), Texas containing 128 guestrooms for a total sales price of $10.5 million. "We are very pleased to have sold this hotel at a price we believe validates the benefits of premium select-service hotels. With RevPAR nearly 30 percent below our portfolio's average, this sale demonstrates our commitment to enhancing portfolio quality," said President and Chief Executive Officer, Daniel P. Hansen. The sa...
