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| Magnolia Hotel Park Cities, Central Dallas, TX |
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| John Bourret |
DALLAS, TX, Dec. 6, 2016 –
Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the
sale of Magnolia Dallas Park Cities,
a 292-room, full-service, independent hotel situated in central Dallas, Texas.
HFF marketed the property
on behalf of the seller, Trigate Capital.
6070 NCX, LLC purchased the property, and Stout Street Hospitality will
continue to manage the hotel.
Magnolia Dallas Park
Cities is located at 6070 North Central Expressway along a main freeway in the
heart of a major transportation, office and entertainment corridor in Dallas.
The hotel is proximate to
Southern Methodist University, Mockingbird Station mixed-use project, George W.
Bush Presidential Library and Museum and more than 20 million square feet of
office space in Uptown.
Originally constructed in
1972, Magnolia Hotel Dallas Park Cities has undergone multiple updates and
renovations in 2012 through 2013 and in 2015 totaling approximately $10.1
million. The hotel features 12,000
square feet of function space, a fitness center, indoor pool and restaurant and
lounge.
The HFF investment sales
team representing the seller was led by managing director John Bourret and associate director Austin Brooks.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Marketing
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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