NEWS | RobertDouglas Advises on the Sale of the Sheraton Dallas-Fort Worth Airport Hotel

New  York,  NY  –  October 9, 2017  –  RobertDouglas  announced  today  that  it  advised a private owner in the sale of the Sheraton Dallas-Fort Worth Airport Hotel to the Buccini/Pollin Group.  

The Sheraton is a recently-renovated, full-service property with 302 spacious rooms, 30,000 square feet of meetings and event space, and a thoughtful mix of premium guest amenities. The property is located in the heart of the multi-faceted Dallas-Fort Worth International Airport submarket and benefits from a robust corporate, event and travel infrastructure, including over 30 million square feet of office space, the nation’s third-busiest airport, and the 275,000 square foot Irving Convention Center.

“Dallas-Fort Worth is one of the most dynamic submarkets in the Dallas Metroplex and one of the most heavily trafficked business-travel corridors in the entire country,” commented David Smith, a Director with RobertDouglas. “The region’s business-friendly environment and excellent infrastructure has compelled a number of companies to relocate to Dallas from other parts of the country, fueling substantial demand growth.”

Evan Hurd, a Managing Director with RobertDouglas noted, “The Sheraton features many of the characteristics investors are seeking – a strong in-place yield, a location in a market with multiple demand generators, and relatively little capital required post acquisition. As a result, this was a highly-competitive process that generated multiple offers from investors including private equity funds, 1031 investors, owner-operators, and high-net-worth investors.”

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RobertDouglas is a real estate investment banking firm with offices in New York, Los Angeles  and  San  Francisco  that  specializes  in  the  sale,  financing  and  equity  capitalization  of  hotel,  resort  and  gaming  properties  throughout  North  America. Founded  by  two  of  the  hotel  industry’s  preeminent  finance  professionals,  Rob  Stiles  and  Doug  Hercher,  RobertDouglas  offers  exceptional  domestic  and  international institutional  investor  and  lender  relationships.  RobertDouglas  combines  the  capital  markets sophistication of top-tier investment banks with detailed hotel underwriting and  asset  management  experience,  providing  the  firm  with  unique  capabilities  in  an  underserved market. For more information, contact info@robertdouglas.com or go to www.robert-douglas.com.

 

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