ARLINGTON - The 311-room Sheraton Hotel that is next door to the Arlington Convention Center and Globe Life Park has been sold.
Urbana Varro, a Plano-based commercial real estate firm, purchased the hotel, which was valued at $17.8 million by the Tarrant Appraisal District.
The new owners plan to renovate the property, which was built in the 1980s.
“The Sheraton Arlington Hotel will provide us with exposure in the thriving Dallas market and will be a great addition to our growing portfolio,” said Jeremy Soder, chief marketing officer for Urbana Varro.
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