April 24, 2018
Atlantic Hotels Group acquired a two-property hotel portfolio totaling 190 rooms in Grapevine, TX, near the Dallas-Fort Worth International Hotel. The Dallas-based buyer acquired the 94-key Hampton Inn & Suites Dallas-DFW Airport North-Grapevine, and 96-room Comfort Suites DFW Airport North Grapevine from NewcrestImage for an undisclosed price.
Pete Fehlman with HFF secured $23.4 million in acquisition financing for the deal. Fehlman and his team placed the three-year, fixed-rate loan (which included two, one-year extensions) with Resource Capital Corp.
The Hampton Inn & Suites at 1750 SH 121 was completed in 2000, and includes a business center, meeting rooms, breakfast area, fitness room and pool. The Comfort Suites at 1805 Enchanted Way delivered in 2005, and offers an outdoor pool and whirlpool, meeting spaces, fitness center, business services and guest laundry.
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