Nov 7, 2017
Going rate for Legacy West hotel? $104 million
PLANO – The 404-room Marriott Plano Legacy Town Center hotel was sold by Ashford Hospitality Prime Inc. for more than $104 million.Built in 2001, the hotel has more than 36,000 sf...
PLANO – The 404-room Marriott Plano Legacy Town Center hotel was sold by Ashford Hospitality Prime Inc. for more than $104 million.
Built in 2001, the hotel has more than 36,000 sf of meeting space and is located adjacent to the Shops at Legacy Town Center shopping center.
The hotel is near the $3 billion Legacy West development which includes Toyota’s North American headquarters.
After paying off debt on the property and transaction costs, Ashford said the net proceeds were $16 million.
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