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Bedford Lodging Unloads 244-Key Portfolio

Developer Bedford Lodging sold two Marriott-branded hotels, totaling 244 rooms, to Condor Hospitality Trust. The hotels are in El Paso and Austin, and came online in 2015 and 2016, respectively. HFF marketed the properties on behalf of the seller.

The Fairfield Inn & Suites by Marriott El Paso Airport has 124 rooms, and is at 611 Edgemere Blvd. The property sold for $16.4 million, according to public documents. The 120-room Residence Inn by Marriott Austin Airport, at 3201 Caseybridge Ct., sold for $22.4 million. Both hotels offer a lobby lounge with complimentary breakfast bar, a 24-hour sundry shop, conference room, 24-hour business center, outdoor swimming center and fitness center.

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Sale/Acquisition