DFW

Irving, TX - June 16, 2010 - (RealEstateRama) -- The Days Inn & Suites DFW North, Irving Texas has been sold. Bert Stevens of CB Richard Ellis’ Hotels Group, announced that the sale of the 134-unit, rooms-and-suites hotel property occurred mid-May of this year. The Hotel, built in 1983, was marketed at a price of $4.3M, or approximately $32,000 per unit. Its proximity to Dallas/Fort Worth International Airport (DFW) as well as the multiple business and corporate demand generators in the area helped to generate interest on a national level from a large investor base. The new owners, Ambe Hotels, will retain the Days Inn & Suites flag and will spend over $750,000 in upgrades and renovations that will provide opportunities for an increased market share