The property involved in the transaction is a hotel pad site located at 600 Cooke Drive in Rockwall, consisting of approximately 1.954 acres with a total square footage of 85,116. The site is part of Sapphire Bay, a mixed-use development situated at the intersection of Interstate 30 and Dalrock Rd in Rowlett, Texas.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: Not disclosed
• Buyer: Marc English - Sapphire Bay Land Holdings
• Seller: Sunny Patel - Yuvraj Management
• Brokers: Giancarlo "GC" Carriero, CCIM & Scott Rodgers - DuWest Realty
• Development: 130 room +/- Tempo by Hilton Hotel
• Date of Transaction: 10/16/2024

This transaction was facilitated by DuWest Realty, who successfully closed the deal bringing Shiv Hospitality Group into the project. The development aims to enhance local amenities and is a key component of the vibrant Sapphire Bay project that will benefit residents and visitors in the area.