Tuesday, December 6, 2016

HFF closes sale of Magnolia Dallas Park Cities Hotel in Dallas, TX

Magnolia Hotel Park Cities, Central Dallas, TX

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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