U.S. OCG purchased the 308-room Hilton Hotel in Arlington, Texas, from Thayer Lodging Group, showing an accelerating market growth for the Dallas hotel market.
“The Dallas area continues to benefit from a rapidly growing, diversified economy, which has produced strong lodging demand and RevPAR increases well above the national average,” said JLL EVP Tim Southard. “This hotel is an institutional-quality asset with a globally recognized brand affiliation located near one of the world’s busiest airports, which attracted a number of domestic and foreign investors to the opportunity.”
The Hilton Arlington features the R Bar & Grill, F1RST breakfast buffet, 11,000 square feet of indoor meeting space, a fitness center, an indoor pool and a heated outdoor pool. The hotel is located just south of Dallas Fort Worth International Airport across from the Six Flags Over Texas amusement park and near both AT&T Stadium and Globe Life Park.