Staybridge Suites Changes Hands in North Dallas

Granitepark-Parkwood LLC sold a 101-key hotel in Plano, Texas, to Ascend Growth Partners. CBRE negotiated the deal on behalf of the seller.

Staybridge Suites Plano Frisco in Plano, Texas
Staybridge Suites Plano Frisco in Plano, Texas

Ascend Growth Partners acquired Staybridge Suites Plano Frisco, a 101-key hotel in Plano, Texas, from Granitepark-Parkwood LLC.

Located at 8355 Parkwood Blvd., the asset offers easy access to Dallas North Tollway, Highway 121 and multiple bus stations. The property is also situated within a few miles from various shopping centers, including The Shops at Legacy, Preston Creek Shopping Center and Preston Village Shopping Center. The hotel features an outdoor swimming pool and a fitness center.

CBRE’s Senior Vice Presidents Michael Yu and Rahul Bijlani, along with Agrama Mannapperuma with CBRE Hotels, negotiated the deal on behalf of the seller. “The Plano North/Legacy market is among the most active areas in the state for new developments and economic growth,” Yu said in prepared remarks.

The sale comes about a month after WroldVentures expanded its lease at Legacy Tennyson Center, a two-building Plano office campus, roughly two miles and a half from Staybridge Suites Plano Frisco.

Image courtesy of CBRE