Hotel Equities begins development on Texas Fairfield

Fairfield Terrell

Atlanta-based Hotel Equities and Scenic Capital Advisors began construction on the new-build Fairfield Inn & Suites by Marriott at 351 Market Center Drive in Terrell, Texas. Hotel Equities serves as the management company for the hotel under development by owner Scenic Capital Advisors. 

Thomas Chen, principal of Scenic Capital Advisors, served as host along with representatives from Hotel Equities including Nahren Youkhana, regional director of sales, and Yanbo Zhu, regional revenue manager.

“We are excited to bring the Fairfield Inn & Suites brand to Terrell with its dynamic mix of businesses, events and attractions that will draw guests year-round,” said Joe Reardon, SVP of marketing and business development for Hotel Equities. "This is the 20th Fairfield Inn and Suites in our portfolio.”


Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

"We were drawn to the steady growth and long-term prospects in Terrell and are excited about being a part of the community," said Thomas Chen, principal for Scenic Capital Advisors and consultant to a family office focusing on commercial real estate in Texas. 

“We are pleased to see the Fairfield Inn & Suites by Marriott pick the Crossroads of Terrell, a development at IH-20 and FM148,” said Hal Richards, mayor of Terrell. “This booming area of Terrell is already home to the only Buc-ee's in North Texas and to a 50-acre site owned by Baylor, Scott and White Hospital. The Marriott hotel joins $105 million in new city building permits issued since 2010 and a school district, described by the local television station as, ‘bursting at the seams in band members, spirit teams and academic improvement.’  So, to the Marriott hotel we say, ‘Welcome to Terrell, America.'”

Considered just outside the Dallas Metroplex, Terrell'd attractions include the Terrell Heritage Museum and the No. 1 British Flying Training School Museum. Historic homes and buildings, hiking and biking trails and state parks are also accessible to guests. 

Suggested Articles

The company provided design, production, shipment and positioning of the modules during the construction process.

Whitbread told the market that it was in talks with lenders after closing its hotels, a position it said may have put it in default of its agreements.

Yannis Ermilios, Managing Director, Portfolio Management at Colony Capital, comments on the resorts market at the R&R advisory board meeting.