Paramount Lodging Advisors Arranges the Sale of Two Dallas-Area Fairfield Inn & Suites
DALLAS, TX. June 20, 2017 — Paramount Lodging Advisors (PLA) has completed the sales of the Fairfield Inn & Suites in Las Colinas and the Fairfield Inn & Suites Fort Worth/Fossil Creek in the Dallas, TX area. Senior Managing Director Scott Griemsmann and PLA Associate, Subu Thiagarajan represented the sellers in the transactions. Both Scott and Subu represent Paramount Lodging's West Coast office located in San Rafael, CA.
“Our team did an excellent job creating competition for the hotels. We produced roughly 350 executed confidentiality agreements, 60 tours, and 25 offers between the two hotels. This kind of market exposure coupled with the high demand for hotel investments in the DFW area created a great environment to maximize value for our owners.”
The sales included a combined total of 224 keys. Both the Fairfield Inn & Suites Las Colinas and the Fairfield Inn & Suites in Fort Worth have had over $2.5MM in capital improvements since 2013.
About Paramount Lodging Advisors
Paramount Lodging Advisors (PLA) is a hotel brokerage and advisory firm specializing in the sales of hospitality assets, debt and equity placement, as well as value enhancement services across the United States. For more information regarding PLA, please visit www.ParamountLodging.com.
Contact:
Scott Griemsmann
[email protected]
(415) 419-5765
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
