DALLAS-Newmark Grubb Knight Frank Hotels has completed the sale of a 146-room Courtyard by Marriott hotel in North Dallas to a private investor for an undisclosed price.

The new owner will complete the required property improvement plan and continue the operation of the hotel as a Courtyard by Marriott. Significant upgrades are planned, including a new bistro and lobby renovation. The property at 2930 Forest Lane is a three-story, limited-service hotel near the LBJ Freeway, where Dallas borders the city of Farmers Branch, Texas.

Rick Besse, a senior managing director with NGKF Hotels in Dallas, marketed the asset on behalf of the seller, a national hotel investment and management company.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.