PKF-CMG Brokers Sale of Holiday Inn Select in Richardson, TX
RICHARDSON, TX, November 13, 2006. Officials of PKF Capital Markets Group (PKF-CMG), a leading, national brokerage firm specializing in the hospitality industry, today announced that PKF Capital Markets Group has successfully brokered the sale of the 220-room Holiday Inn Select in Richardson, Texas on behalf of the purchaser, HM-NM, Inc., from Richardson Hotel Corporation for an undisclosed amount.
"The greater Dallas area continues to rebound," said Al Mori, Vice President, HM-NM, Inc. "A Quality Excellence Award winner for seven consecutive years, the Holiday Inn Select is well positioned to serve the growing demand of business and leisure travelers to the area."
Located at 1655 N. Central Expressway, the six-story hotel is convenient to the Telecom Corridor, the JFK Memorial, more than 160 museums, galleries, and artistic attractions, West End Marketplace and shopping at the Galleria. Hotel amenities include a restaurant/lounge with a weeknight Happy Hour from 4 p.m. to 7 p.m. featuring reduced prices and free hors d'oeuvres, as well as a fitness center with Nautilus equipment, indoor/outdoor pool, 24-hour business center and laundry facility. Guest rooms are equipped with complimentary high-speed Internet access, both wired and wireless; Fogless shaving mirror, adjustable showerhead and rounded shower curtain/rod. Executive-level rooms have an in-room safe and brand new pillow-top posture-pedic, mattresses, refrigerator, bathrobe and turn-down service.
PKF Capital Markets Group (PKF-CMG), headquartered in Houston, is an affiliate of PKF Consulting, a consulting and real estate firm specializing in the hospitality industry. PKF-CMG professionals are experienced hotel real estate specialists with a solid knowledge of hospitality related investments and financing, both in the United States and internationally. The company has offices in major U.S. cities, including Atlanta, Austin, Boston, Dallas, Houston, Indianapolis, Los Angeles, Orange County, New York, San Francisco and Washington, D.C.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
