Changing Hands

We promise this isn't the all-CBRE/Houston edition, but: CBRE Hotels Group's Bert Stevens and Lisa Hankamer repped the seller in the $4.3M transaction selling the Days Inn & Suites DFW North in Irving. The deal works out to about $32k per unit of the 134-unit (rooms and suites) property. Lisa tells us that the hotel's proximity to DFW Airport as well as the multiple business and corporate demand generators in the area drove interest on a national level from a large investor base. The new owner, Ambe Hotels, will retain the Days Inn & Suites flag and will spend  more that $750k on upgrades.

Continue reading this story with a free account

Log in or register
Related Topics: Bert Stevens , Days Inn , Lisa Hankamer
Sign up for more articles like this
Subscribe to Bisnow's Greenville Newsletters
Related Stories

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Machine Investment Group Buys 490-Unit Multifamily Property In North Dallas: The DFW Deal Sheet

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

DFW Multifamily Distress Creates Opening For Investors As Development Slows

DFW's Life Sciences Sector Offers Startups The Ingredients They Need To Scale

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

Dallas Mavericks Launch Plans For New Arena-Anchored Entertainment District

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success

Beyond The Boom: How Miami's CRE Market Continues To Be Resilient