AUSTIN, Texas—Hunter Advisors introduced the sale of the Embassy Suites by Hilton Dallas Love Area, a 248-room lodge situated adjoining to Dallas Love Area Airport. The property was offered by FelCor Dallas Love Area Proprietor, LLC, to Scenic Capital Advisors, LLC, in a transaction led by Kami Burnette, senior vice chairman, at Hunter Advisors.
“The Embassy Suites at Love Area is a high-quality asset and marks our seventh acquisition in Texas up to now 4 years,” stated Thomas Chen, principal at Scenic Capital Advisors. “We sit up for finishing a complete renovation and repositioning the lodge to seize future development inside the Love Area submarket.”
The eight-story lodge contains 248 suites, with separate dwelling and sleeping areas, versatile workspaces, and in-room facilities together with a mini-refrigerator and microwave. The property additionally affords 4,400 sq. ft of assembly house throughout seven assembly rooms, a full-service restaurant and bar, complimentary made-to-order breakfast and night reception, an indoor pool, a health heart, and a enterprise heart.
“Buyers proceed to position important worth on property that supply yield, stability, and long-term development in submarkets with sturdy fundamentals,” stated Kami Burnette, senior vice chairman at Hunter Lodge Advisors. “The Embassy Suites Dallas Love Area combines sturdy demand drivers, a confirmed working historical past, and a premier Hilton model inside a excessive barrier airport submarket.”
