Waramaug Spending Spree Continues With Comfort Suites in Arlington, TX
Wednesday December 4th, 2013 - 9:56AM B
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
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 •
For the past few years, the talk of The Lodging Conference in Phoenix had been focused on the economic recovery, solid industry projections and “cautious optimism.” With the word cautious no longer necessary, the economic outlook took a backseat this year to the seemingly unending parade of new lifestyle brands.