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 •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.