Sale of DoubleTree Dallas – Campbell Centre closed by HFF

DoubleTree Dallas -- Campbell Centre, 8250 North Central Expressway, Dallas, TX

Bill Stadler

DALLAS, TX – HFF announced today that it has closed the sale of the DoubleTree Dallas – Campbell Centre, a 300-room, full-service hotel in Dallas, Texas.

                HFF represented the seller, a joint venture between GTIS Partners and Aimbridge Hospitality, in the sale of the property to Black Forest Ventures. 

                The DoubleTree Dallas – Campbell Centre is located at 8250 North Central Expressway within the Campbell Centre mixed-use development six miles north of the Dallas central business district. 

The property is proximate to numerous demand drivers including the NorthPark Center Mall, the George W. Bush Presidential Library and Museum and Southern Methodist University.

 Originally built in 1980 and renovated in 2008, the property features 15,000 square feet of meeting space, a full-service restaurant, lobby lounge, fitness center, business center, gift shop and complimentary local shuttle. 

                The HFF investment sales team representing the seller was led by senior managing director Bill Stadler and managing director John Bourret.

John Bourret

                GTIS Partners is a global real estate investment firm headquartered in New York with offices in Los Angeles, San Francisco and São Paulo, Brazil.  Founded in 2005, GTIS Partners has 64 employees and currently manages approximately $2.4 billion of committed equity.  

The firm pursues opportunistic real estate investments through direct equity investment and non-traditional lending activities.  

To date, the firm has committed capital to residential, retail, industrial, office, hotel and mixed-use projects in the U.S. and Brazil, and is among the largest real estate private equity companies in Brazil.

Aimbridge Hospitality is one of the nation’s leading independent hotel investment and management firms, currently operating over 185 Hotels (25,000+ rooms) across 29 states and the Caribbean totaling more than $650 million in annual revenue.

Black Forest Ventures is a privately held asset management firm specializing in commercial real estate, hospitality, aviation and technology investments.

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy

Associate Director

HFF | One Post Office Square, Suite 3500 | Boston, MA 02109

tel (main) 617-338-0990 | (direct) 617-848-1572 | cel 617.543.4873 | www.hfflp.com

krmurphy@hfflp.com