Texas-based Hotel Investment Group Acquires Sonesta Select Dallas Central Expressway From Service Properties Trust

The 160-room Sonesta Select – Dallas Central Expressway is located at 10325 North Central Expressway in the Dallas market. This property is classified as a hotel asset and was recently sold to a Texas-based hotel investment group.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: Not disclosed
• Address: 10325 North Central Expressway
• Market: Dallas
• Asset Keys: 160
• Seller: Chris Bilotto - Service Properties Trust (SVC)
• Broker Representatives: Monty Levy, Scott Stephens, Mark Rome & Dan Miller - HREC Investment Advisors

HREC Investment Advisors facilitated the transaction, navigating a challenging lending environment on behalf of Service Properties Trust (SVC). The buyer plans to undertake a major renovation of the property following the acquisition.