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| Part of a portfolio consisting of five Courtyard by Marriott hotels totaling 731 rooms in San Antonio, Baltimore and Washington, D.C |
DALLAS, TX – JLL announced the sale of a hotel portfolio consisting of five Courtyard by Marriott hotels totaling 731 rooms in San Antonio, Baltimore and Washington, D.C. markets has closed.
JLL marketed the property on behalf of the seller, Colony Capital, Inc. A partnership between Flynn Properties Inc. and EMA Lodging Group, Inc. purchased the assets. Flynn Properties Inc. is entering the select-service hotel market with this five-property acquisition.
The hotels, which have been institutionally owned and Marriott-operated over the last decade, are well positioned in established markets with exceptional access to a wide mix of demand generators.
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| Courtyard San Antonio Medical Center |
The portfolio comprises two properties in San Antonio, Courtyard San Antonio Airport and Courtyard San Antonio Medical Center, and two suburban Washington, D.C. locations, Courtyard New Carrollton Landover in Landover, Maryland, and Courtyard Fairfax Fair Oaks in Fairfax, Virginia.
The portfolio has one Baltimore-area property, Courtyard Baltimore Hunt Valley in Hunt Valley, Maryland.
Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.
Contacts:
Andrew Levy, JLL Senior Managing Director
Texas License No: 0413696
Phone: +1 214 265 0880
Email: andrew.levy@am.jll.com
Stephen C. Conley, JLL Executive Managing Director
Maryland License No: 47647
Virginia License No: 0225 123295
Phone: +1 202 533 2500
Kimberly Steele, JLL Digital Content/PR Specialist
Phone: +1 713 852 3420
Email: kimberly.steele@am.jll.com
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