{"id":1004132511,"date":"2015-11-30T06:28:42","date_gmt":"2015-11-30T14:28:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004132511"},"modified":"2020-05-14T00:56:48","modified_gmt":"2020-05-14T08:56:48","slug":"marcus-millichap-closes-sale-of-dallas-hotel","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-closes-sale-of-dallas-hotel\/","title":{"rendered":"Marcus &#038; Millichap Closes Sale of Dallas Hotel"},"content":{"rendered":"<p><em>By Adelina Osan, Associate Editor<\/em><\/p>\n<p><a href=\"https:\/\/www.marcusmillichap.com\/\" rel=\"nofollow\" target=\"_blank\">Marcus &amp; Millichap<\/a> recently arranged the sale of a 146-key Marriott-flagged select service hotel located at 2930 Forest Lane in Dallas.<\/p>\n<div id=\"attachment_1004132512\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/The-Courtyard-Dallas-LBJ-at-Josey.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004132512\" data-attachment-id=\"1004132512\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-closes-sale-of-dallas-hotel\/the-courtyard-dallas-lbj-at-josey\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/The-Courtyard-Dallas-LBJ-at-Josey.jpg\" data-orig-size=\"610,423\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"The Courtyard Dallas-LBJ at Josey\" data-image-description=\"&lt;p&gt;The Courtyard Dallas-LBJ at Josey&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The Courtyard Dallas-LBJ at Josey&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/The-Courtyard-Dallas-LBJ-at-Josey.jpg?w=610\" class=\"wp-image-1004132512 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/The-Courtyard-Dallas-LBJ-at-Josey.jpg\" alt=\"The Courtyard Dallas-LBJ at Josey\" width=\"300\" height=\"208\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/The-Courtyard-Dallas-LBJ-at-Josey.jpg 610w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/The-Courtyard-Dallas-LBJ-at-Josey.jpg?resize=300,208 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004132512\" class=\"wp-caption-text\">The Courtyard Dallas-LBJ at Josey<\/p><\/div>\n<p><a href=\"https:\/\/www.marriott.com\/hotels\/travel\/dalnw-courtyard-dallas-northwest\/\" rel=\"nofollow\" target=\"_blank\">The Courtyard Dallas-LBJ at Josey<\/a> is conveniently located off interstates 35 and 635 and is close to the DART rail system, Dallas Love Field Airport and the Dallas\/Fort Worth International Airport. The three-story hotel was built in 1986 and went through renovations in 2014 and 2015, including upgrades throughout the property and additional amenities.<\/p>\n<p>Chris Gomes, vice president investments in Marcus &amp; Millichap\u2019s Dallas office, and Allan Miller, vice president investments in the firm\u2019s San Antonio office, represented the seller of The Courtyard Dallas-LBJ at Josey and procured the buyer.<\/p>\n<div id=\"attachment_1004132513\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/The-Courtyard-Dallas-LBJ-at-Josey-2.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004132513\" data-attachment-id=\"1004132513\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-closes-sale-of-dallas-hotel\/the-courtyard-dallas-lbj-at-josey-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/The-Courtyard-Dallas-LBJ-at-Josey-2.jpg\" data-orig-size=\"610,423\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"The Courtyard Dallas-LBJ at Josey 2\" data-image-description=\"&lt;p&gt;The Courtyard Dallas-LBJ at Josey&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;The Courtyard Dallas-LBJ at Josey&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/The-Courtyard-Dallas-LBJ-at-Josey-2.jpg?w=610\" class=\"wp-image-1004132513 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/The-Courtyard-Dallas-LBJ-at-Josey-2.jpg\" alt=\"The Courtyard Dallas-LBJ at Josey\" width=\"300\" height=\"208\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/The-Courtyard-Dallas-LBJ-at-Josey-2.jpg 610w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/The-Courtyard-Dallas-LBJ-at-Josey-2.jpg?resize=300,208 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004132513\" class=\"wp-caption-text\">The Courtyard Dallas-LBJ at Josey<\/p><\/div>\n<p>\u201cThe Texas economy is still growing at a solid pace and travel volume remains elevated, supporting high hotel occupancy and respectable improvement in revenue measures,\u201d said Gomes in a prepared statement. \u201cThe Dallas hospitality property market is well positioned for further gains in all key performance metrics in the foreseeable future.\u201d<\/p>\n<p>The Courtyard Dallas-LBJ at Josey offers a range of amenities for guests such as on-site restaurant with bar, sundry shop, fitness center and two event rooms with a total of 1,248 square feet of event space.<\/p>\n<p><em>Image courtesy of The Courtyard Dallas-LBJ at Josey<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marcus &#038; Millichap recently arranged the sale of the 146-room Courtyard Dallas-LBJ at Josey hotel.<\/p>\n","protected":false},"author":735,"featured_media":1004132512,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,1586,21751],"tags":[],"class_list":["post-1004132511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-dallas","category-hotel"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Marcus &amp; Millichap Closes Sale of Dallas Hotel - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-closes-sale-of-dallas-hotel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marcus &amp; 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