Wayside Investment Group has acquired two Extended Stay America Suites properties in Dallas – the 118-unit hotel on Frankford Road and the 150-unit hotel on Carnaby Street in Irving. These hotels are conveniently located near the Irving Convention Center, just one mile away, and seven miles from DFW International Airport.
Miraj Patel of Wayside commented that “the DFW metroplex is experiencing strong lodging demand from both business and leisure travelers which can lead to exceptional return on investment for hotel owners”.
Currently, Wayside owns a portfolio of 13 hotels situated mainly along south Texas’ Gulf Coast cities. The company is also scheduled to open a 90-room extended stay property next month in Houston with two other extended stay projects under development as well.
