Hotel Equities was selected to manage the new-build Fairfield Inn & Suites by Marriott in Terrell, Texas.
“Expanding our management portfolio deeper into the heart of Texas is of significant importance to our firm,” said Joe Reardon, VP of marketing and business development for Hotel Equities. "The Terrell location offers a dynamic mix of businesses, events and attractions that will bring guests to our hotel year-round. Our award-winning guest service and management expertise will deliver value to our owners.
Under development by Scenic Capital Advisors, the hotel is set to begin construction in the second quarter of 2016 and is expected to open in the first quarter of 2017.
"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, consultant to a family office focusing on commercial real estate in Texas.