Joe Daly Of Daly Seven Acquires Four Points By Sheraton Hotel In Morrisville For 105 Keys

The transaction involves a 105-room hotel located at 1200 Claren Circle in Morrisville, North Carolina, specifically branded as the Four Points by Sheraton Raleigh Durham Airport. This hotel is strategically positioned adjacent to the airport, catering to corporate, group, and transient travelers. The property is part of a growing hotel portfolio for Daly Seven, the buyer in this transaction.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: Not disclosed
• Address: 1200 Claren Circle, Morrisville, NC
• Market: Morrisville, NC
• Asset Type: 105-key hotel
• Buyer: Joe Daly - Daly Seven
• Seller: OHM Hotels RTP
• Broker: Ros Mallory - Alchemy Real Estate Advisors

In this deal, Joe Daly represents Daly Seven, which has expanded its hospitality offerings through this acquisition. The seller, OHM Hotels RTP, entrusted the transaction to Ros Mallory from Alchemy Real Estate Advisors, who acted on their behalf. The property will continue to operate under the established Four Points by Sheraton brand.