DFW Airport Purchases Hyatt Regency International Airport From Woodbine Development Corporation For $193.7M

The asset involved in this transaction is a hotel located at 2334 North International Parkway in the DFW Airport market, Texas. The hotel is the Hyatt Regency International Airport and is being acquired for $193,700,000. The transaction is currently under contract and is part of DFW International Airport's broader expansion plan, which is projected to cost $12 billion and includes new and expanded terminals.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $193,700,000
• Buyer: Chris McLaughlin - Dallas Fort Worth International Airport
• Seller: T. Dupree Scovell - Woodbine Development Corporation
• Address: 2334 North International Parkway
• Market: DFW Airport, TX

This transaction features key individuals including Chris McLaughlin representing the Dallas Fort Worth International Airport and T. Dupree Scovell representing Woodbine Development Corporation, facilitating the acquisition of the Hyatt Regency International Airport, which will culminate in DFW Airport owning all four hotels on its property upon approval from the airport board and the cities of Dallas and Fort Worth.