HREC brokers sale of Dallas DoubleTree

HREC Investment Advisors arranged the sale of the 160-room DoubleTree Dallas Farmers Branch located in Farmers Branch, a suburb of Dallas.

Mike Armstrong, principal with HREC Investment Advisors, exclusively represented the seller, Presidian Hotels, a hospitality management and ownership company. Presidian developed the hotel in 1999.

The buyer is Glacier House Hotels, an owner, operator and developer of Hilton, Marriott, Starwood and IHG-branded hotels primarily in the western United States. Glacier recently closed on another three hotels and is actively pursuing additional acquisitions and new development opportunities.

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


“The Doubletree Hotel received significant investor interest due to the premium brand, the high quality of the physical facility and the strong Dallas/Fort Worth market. After Glacier House Hotels completes a property improvement plan, the hotel will be well-positioned to increase its market penetration and cash flow,” Armstrong said.

The hotel is located roughly 14 miles northwest of the center of Dallas. Dallas Fort Worth International Airport is located under ten miles from the Property. In addition, the Dallas Love Field Airport is only 10 miles away. The location in between the two airports and the ease of access to Las Colinas, North Dallas and Downtown Dallas positions the hotel to both business and leisure travelers in the Dallas/Fort Worth area.

Suggested Articles

The Hotel Kansas City plans to use Knowland’s data to find accounts both in its market and in competitive markets to drive new business.

The total U.S. hotel construction pipeline at the end of Q3 2020 was down 7 percent by projects and 6 percent by rooms year over year. 

Two new surveys examine what guests want from their hotels and restaurants as the pandemic continues changing expectations.