Real estate investment firm U.S. OCG Inc. has purchased the Hilton Hotel in Arlington, JLL announced on Feb. 23.
Terms of the deal were not disclosed.
JLL arranged the sale of the 308-keyHilton Hotel in Arlington on behalf of Thayer Lodging Group.to Los Angeles-based U.S. OCG.
JLL Managing Director Robert Webster, Executive Vice President Tim Southard and Vice President John Harper led the JLL team on the transaction.
“The Dallas area continues to benefit from a rapidly growing, diversified economy, which has produced strong lodging demand and RevPAR [revenue per available room] increases well above the national average,” said 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.