DALLAS: The 36-room limited service hotel was first built in 1990 on a 2.3-acre parcel. The property was marketed as a conversion opportunity. The buyer has plans to convert the hotel to a substance abuse rehabilitation assisted living facility.
“After analyzing the asset, we concluded the property is more suited to an alternate use. We advised the owner that the highest and best use for the property is as an assisted living or similar-type facility.”…