DALLAS, TX— Younan Properties, a commercial real estate and hospitality investment firm based in Woodland Hills, CA, has acquired the 377-room, full-service Holiday Inn Select Dallas – North hotel located at 2645 LBJ Freeway here from Wyndham International. Terms of the transaction were not disclosed due to a confidentiality agreement. “This is our first major hotel acquisition and a key milestone for us as we move into the hospitality market,” noted YPI Chairman/CEO Zaya Younan. “During the past two years, we’ve been monitoring the hospitality market and all the factors in the economic cycle have fallen into place, making this the right time to move into hospitality.” The buyer, Younan Properties LLC, represented itself in the transaction, while the seller, Wyndham International, was represented by CB Richard Ellis. It was pointed out Dallas-based Platinum Portfolio Ltd., will be managing YPI’s newly acquired Holiday Inn Select property.
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