facebook
Traded Co logo
Submit
Daily limit: 0/10

Driftwood Capital Acquires Hilton Dallas/Plano Granite Park Hotel In Plano

Property Image
SOLD

Texas

See Similar Deals
Hotel
Sold 06/22/2023
the dealplayerscompscontact
Property Image
SOLD

Driftwood Capital Acquires Hilton Dallas/Plano Granite Park Hotel In Plano

5805 Granite Pkwy, Plano, TX 75024, United States

See Similar Deals
Hotel
Sold 06/22/2023
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Hotel
Transaction Type:Sale

The Hilton Dallas/Plano Granite Park hotel, located at 5805 Granite Parkway in Plano, has been acquired by Driftwood Capital. This purchase allows Driftwood Capital to expand its presence in the Dallas-Fort Worth hotel market. The hotel consists of 299 keys and is set to undergo renovations under the management of Driftwood Hospitality Management.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: Not specified
  • Date: 06/22/2023
  • Market: Plano
  • Address: 5805 Granite Parkway - Hilton Dallas/Plano Granite Park
  • Buyer: Driftwood Capital - Carlos Rodriguez Sr.

Driftwood Capital, led by Carlos Rodriguez Sr., is responsible for the acquisition of the Hilton Dallas/Plano Granite Park hotel. With this purchase, Driftwood Capital aims to renovate the property and assume management responsibilities in order to enhance its presence in the Dallas-Fort Worth hotel market.

Players

Carlos Rodriguez
Driftwood Capital
Carlos Rodriguez
6 deals$228.4M volume
BUYER

Details

SOLD
IMAGE: Carlos Rodriguez Sr. DATE: 06/22/2023 ADDRESS: 5805 Granite Parkway - Hilton Dallas/Plano Granite Park MARKET: Plano ASSET TYPE: Hotel ~ KEYS: 299 BUYER: Driftwood Capital (@DriftwoodCapital) - Carlos Rodriguez Sr. NOTE: Driftwood Capital has acquired the Hilton Dallas/Plano Granite Park, expanding its presence in the Dallas-Fort Worth hotel market. The company plans to renovate the property and assume management responsibilities through Driftwood Hospitality Management.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$0.00

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00