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Lowen Hospitality & Vashee & Associates Acquire Dual-Branded Hotel In Dallas

Property Image
SOLD
Christopher (Chris) Gomes
Allan Miller

Texas

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Hotel
Sold 07/03/2024
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Property Image
SOLD

Lowen Hospitality & Vashee & Associates Acquire Dual-Branded Hotel In Dallas

555 Evergreen Street - TownePlace Suites and Fairfield Inn & Suites Dallas Downtown

See Similar Deals
Hotel
Sold 07/03/2024
Christopher (Chris) Gomes
Allan Miller
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Hotel
Transaction Type:Sale

The dual-branded TownePlace Suites and Fairfield Inn & Suites Dallas Downtown, housed within the historic Butler Brothers Building, was sold in Dallas. The 274-room hotel features extensive amenities and a Classical Revival-style architecture. The property is located at 555 Evergreen Street.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: Not specified
  • Keys: 274
  • Buyer: Lowen Hospitality & Vashee & Associates
  • Seller: Butler Brothers Hospitality Group
  • Brokers: Allan Miller & Chris Gomes - Marcus & Millichap

Marcus & Millichap facilitated the sale of the hotel to a joint venture led by Lowen Hospitality and Vashee & Associates. The historic nature of the Butler Brothers Building adds a unique aspect to the transaction.

Players

Allan Miller
Marcus & Millichap
Allan Miller
51 deals$162.9M volume(512) 338-7831
BROKER
Christopher (Chris) Gomes
Marcus & Millichap
Christopher Gomes
55 deals$160.6M volume(972) 755-5302
BROKER

Details

SOLD
IMAGE: Allan Miller & Chris Gomes DATE: 07/03/2024 ADDRESS: 555 Evergreen Street - TownePlace Suites and Fairfield Inn & Suites Dallas Downtown MARKET: Dallas ASSET TYPE: Hotel ~ KEYS: 274 BUYER: Lowen Hospitality & Vashee & Associates SELLER: Butler Brothers Hospitality Group BROKERS: Allan Miller & Chris Gomes - Marcus & Millichap NOTE: Marcus & Millichap facilitated the sale of the dual-branded TownePlace Suites and Fairfield Inn & Suites Dallas Downtown, housed within the historic Butler Brothers Building. The 274-room hotel, featuring extensive amenities and a Classical Revival-style architecture, was sold by Butler Brothers Hospitality Group to a joint venture led by Lowen Hospitality and Vashee & Associates.

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