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| DoubleTree by Hilton Hotel Raleigh-Durham Airport at Research Triangle Park |
TAMPA, FL – Holliday Fenoglio Fowler, L.P. (HFF)
announced it has closed the sale of the DoubleTree
by Hilton Hotel Raleigh-Durham Airport at
Research Triangle Park, a 249-room, full-service hotel in North Carolina’s
Research Triangle area.
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| Daniel C. Peek |
HFF marketed the property
on behalf of the seller, Driftwood Hospitality Management, LLC. Southwest Value Partners purchased the hotel
and has retained Dimension Development Corporation as manager.
Also known as the “Mansion on the Hill,” The DoubleTree
by Hilton Hotel Raleigh-Durham Airport at Research Triangle Park underwent
renovations in 2013 that improved and modernized all common areas and guest
rooms while retaining the asset’s Southern-inspired aesthetic.
The hotel caters to business and vacation
travelers and features a full-service restaurant, lobby bar, outdoor swimming
pool, 24-hour business center, state-of-the-art fitness center and 11,500
square feet of flexible meeting space.
The property is situated
on 12.5 acres at 4810 Page Creek Lane in Durham approximately three miles from
Research Triangle Park, home to more than 190 Fortune 500 companies, biotech
and scientific research firms, and professional services providers.
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| KC Patel |
Five miles from
Raleigh-Durham International Airport, the hotel is off of Interstate 40, 15.3
miles from downtown Raleigh and 10.5 miles from downtown Durham.
The HFF investment sales
team representing the seller was led by senior managing director and head of
HFF’s hotel group Daniel C. Peek,
director KC Patel, associate
director Cyrus Vazifdar and senior
managing director Ryan Clutter.
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
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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