Waramaug Spending Spree Continues With Comfort Suites in Arlington, TX
Wednesday December 4th, 2013 - 9:56AM B
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ARLINGTON, TX—Waramaug LS Hotels, LLC, has acquired the 108-room all-suite Comfort Suites here.
The deal continues the company's strategy to deploy $150 million over the next 12 months in the acquisition of select service hotels. The hotel, which will be managed by Interstate Hotels & Resorts, is located two miles from the Six Flags Over Texas theme park.
:THe acquisition of this award winning hotel earning Choice Gold recognition as a top performer in the Choice Hotels system and superior property in a key Dallas-Ft. Worth submarket aligns perfectly with our strategy of acquiring assets positioned to be market leaders," said Paul Nussbaum, Waramug LS Hotel's founder and managing partner.
Tags: Comfort Suites Arlington • TX • acquisition • Hospitality • Brands •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.