James Dondero Of NexPoint Advisors Acquires Courtyard By Marriott In Bradenton For $27.7M

The transaction involves a hotel asset located at 100 Riverfront Boulevard in Bradenton. The property encompasses 6.85 acres and features a five-story structure with 153 rooms. The hotel includes 9,400 square feet of meeting space, a pool, and a fitness center. The sale price for the asset was $27,700,000, translating to approximately $181,046 per room.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $27,700,000
• Address: 100 Riverfront Boulevard
• Market: Bradenton
• Asset Size: 6.85 acres
• Rooms: 153
• Price Per Key: $181,046
• Seller: George Schott
• Buyer: James Dondero - NexPoint Advisors
• Broker: Hodges Ward Elliott

The hotel, formerly known as the Courtyard by Marriott Bradenton Sarasota/Riverfront, was acquired by an affiliate of NexPoint Advisors. Hodges Ward Elliott acted as the broker in this transaction, facilitating the deal between the buyer and the seller, George Schott.