{"id":1004161312,"date":"2016-12-09T04:29:11","date_gmt":"2016-12-09T12:29:11","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004161312"},"modified":"2022-12-08T19:49:23","modified_gmt":"2022-12-09T03:49:23","slug":"hff-closes-sale-of-sheraton-dallas","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-closes-sale-of-sheraton-dallas\/","title":{"rendered":"HFF Closes Sale of Sheraton Dallas"},"content":{"rendered":"<p><em>By IvyLee Rosario<\/em><\/p>\n<div id=\"attachment_1004161318\" style=\"width: 353px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Sheraton-Dallas.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004161318\" data-attachment-id=\"1004161318\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hff-closes-sale-of-sheraton-dallas\/sheraton-dallas\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Sheraton-Dallas.jpg\" data-orig-size=\"335,240\" 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=\"Sheraton Dallas\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Sheraton Dallas&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Sheraton-Dallas.jpg?w=335\" class=\"wp-image-1004161318\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Sheraton-Dallas.jpg\" alt=\"Sheraton Dallas by the Galleria\" width=\"343\" height=\"246\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Sheraton-Dallas.jpg 335w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Sheraton-Dallas.jpg?resize=300,215 300w\" sizes=\"auto, (max-width: 343px) 100vw, 343px\" \/><\/a><p id=\"caption-attachment-1004161318\" class=\"wp-caption-text\">Sheraton Dallas by the Galleria<\/p><\/div>\n<p><strong>Dallas<\/strong>\u2014HFF recently closed the sale of Sheraton Dallas by the Galleria, a 309-key, full-service hotel located at 4801 Lyndon B. Johnson Freeway. The sale price was undisclosed.<\/p>\n<p>HFF marketed the property on behalf of the seller, HEI Hotels &amp; Resorts. Managing Director John Bourret, Associate Director Austin Brooks and Senior Managing Director &amp;\u00a0head of HFF&#8217;s hotel group Daniel Peek led the investment sales team in the transaction. A partnership between Driftwood Hospitality Management and an institutional real estate investor was the buyer, and\u00a0Driftwood assumed management of the hotel.<\/p>\n<p>The hotel is located at the intersection of LBJ Freeway and the Dallas North Tollway, near\u00a0the 1.7 million-square-foot Galleria Dallas regional mall, which houses more than 19 million visitors annually.\u00a0More than 11 million square feet of office space is within a one-mile radius of the hotel.<\/p>\n<p>Since 2012, Sheraton Dallas by the Galleria underwent\u00a0extensive renovations worth more than $12 million. The hotel\u00a0offers 13,741 square feet of function space across 21 meeting rooms,\u00a0a 24-hour business center,\u00a0a full-service restaurant, lounge ,a 24-hour fitness center and an outdoor pool.<\/p>\n<p><em>Image courtesy of HFF<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Situated directly across from the 1.7 million-square-foot Galleria Dallas regional mall, the hotel is located in the area considered to be the busiest intersection in all of Texas.  <\/p>\n","protected":false},"author":746,"featured_media":1004161318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21743,21751,21742],"tags":[33069,33067,32792,33068,33070],"class_list":["post-1004161312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-deals","category-hotel","category-latest","tag-daniel-peek","tag-hei-hotels-resorts","tag-hff","tag-john-bourret","tag-sheraton-hotels-and-resorts"],"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>HFF Closes Sale of Sheraton Dallas - 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\/hff-closes-sale-of-sheraton-dallas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HFF Closes Sale of Sheraton Dallas\" \/>\n<meta property=\"og:description\" content=\"Situated directly across from the 1.7 million-square-foot Galleria Dallas regional mall, the hotel is located in the area considered to be the busiest intersection in all of Texas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hff-closes-sale-of-sheraton-dallas\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-12-09T12:29:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:49:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/12\/Sheraton-Dallas.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"335\" \/>\n\t<meta property=\"og:image:height\" content=\"240\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-sheraton-dallas\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-sheraton-dallas\\\/\"},\"author\":{\"name\":\"IvyLee Rosario\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/f2094ece0e063845f848c7f1c7b84780\"},\"headline\":\"HFF Closes Sale of Sheraton Dallas\",\"datePublished\":\"2016-12-09T12:29:11+00:00\",\"dateModified\":\"2022-12-09T03:49:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-sheraton-dallas\\\/\"},\"wordCount\":201,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-closes-sale-of-sheraton-dallas\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/12\\\/Sheraton-Dallas.jpg\",\"keywords\":[\"Daniel Peek\",\"HEI Hotels &amp; 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