HOUSTON, TX, December 8, 2025: HVS Brokerage & Advisory announces the sale of the 88-key TownePlace Suites by Marriott Dallas McKinney, located at 1832 Marketplace Drive, McKinney, Texas 75069.
The hotel asset, built in 2016, was purchased by LXMI Capital, based in Austin, Texas, from Champion Hotels and Jain Hotels, based in Oklahoma City and Tulsa, Oklahoma, respectively.
Neel Jain, Director, Investments of Jain Hotels, commented, “Having a quiet sale was of utmost importance to our investment group, and the HVS team did an excellent job identifying a buyer through a targeted, off‑market process that did not disrupt our day‑to‑day hotel operations. HVS identified Tony Gupta, Principal at LXMI Capital, and the HVS team worked closely with both the buyer and me to find solutions and successfully close the deal.”
The property benefits from a highly accessible location near U.S. Highway 75 and State Highway 121, with a wide selection of nearby dining, retail, and entertainment options that appeal to both business and transient guests. The hotel is well situated less than four miles from McKinney National Airport and near numerous corporate demand drivers, including Raytheon, Aramark, Encore Wire, Global Life Inc., Wistron GreenTech, Emerson Process Management, Simpson Strong-Tie, Tenant Tracker, Manner Polymers, Traxxas, Brandon Industries, and Medical City McKinney. Leisure demand generators nearby include District 121, Hub 121, Allen Premium Outlets, Credit Union of Texas Event Center, Craig Ranch, and McKinney ISD Stadium.
“Our team is pleased to have come full circle on this property, assisting Champion and Jain Hotels first with the acquisition in 2021 and now with the successful sale. Because the seller requested a confidential process, we shortlisted a group of active buyers with whom we have strong relationships. The selected buyer, who owns the Sheraton next door, recognized the economic growth in McKinney and saw how the extended‑stay product and Marriott brand affiliation would complement his existing property. This transaction highlights the strength of our relationships in the marketplace,” said Matt Almy, Senior Associate of HVS Brokerage & Advisory.
HVS Brokerage & Advisory team members Eric Guererro, Andrew Frosch, Matt Almy, Fadi Rawashdeh, Kyle Peterek, and Daneen Godinet participated in this transaction.
Media Contact:
Lizzette Casarin
Senior Marketing Director
[email protected]
+1 (720) 244-7620
The hotel asset, built in 2016, was purchased by LXMI Capital, based in Austin, Texas, from Champion Hotels and Jain Hotels, based in Oklahoma City and Tulsa, Oklahoma, respectively.
Neel Jain, Director, Investments of Jain Hotels, commented, “Having a quiet sale was of utmost importance to our investment group, and the HVS team did an excellent job identifying a buyer through a targeted, off‑market process that did not disrupt our day‑to‑day hotel operations. HVS identified Tony Gupta, Principal at LXMI Capital, and the HVS team worked closely with both the buyer and me to find solutions and successfully close the deal.”
The property benefits from a highly accessible location near U.S. Highway 75 and State Highway 121, with a wide selection of nearby dining, retail, and entertainment options that appeal to both business and transient guests. The hotel is well situated less than four miles from McKinney National Airport and near numerous corporate demand drivers, including Raytheon, Aramark, Encore Wire, Global Life Inc., Wistron GreenTech, Emerson Process Management, Simpson Strong-Tie, Tenant Tracker, Manner Polymers, Traxxas, Brandon Industries, and Medical City McKinney. Leisure demand generators nearby include District 121, Hub 121, Allen Premium Outlets, Credit Union of Texas Event Center, Craig Ranch, and McKinney ISD Stadium.
“Our team is pleased to have come full circle on this property, assisting Champion and Jain Hotels first with the acquisition in 2021 and now with the successful sale. Because the seller requested a confidential process, we shortlisted a group of active buyers with whom we have strong relationships. The selected buyer, who owns the Sheraton next door, recognized the economic growth in McKinney and saw how the extended‑stay product and Marriott brand affiliation would complement his existing property. This transaction highlights the strength of our relationships in the marketplace,” said Matt Almy, Senior Associate of HVS Brokerage & Advisory.
HVS Brokerage & Advisory team members Eric Guererro, Andrew Frosch, Matt Almy, Fadi Rawashdeh, Kyle Peterek, and Daneen Godinet participated in this transaction.
About HVS Brokerage & Advisory
The Brokerage & Advisory division is a specialized group within HVS that offers services related to investment sales and capital markets, focused exclusively on the hospitality industry. With a global footprint and over 35 offices nationwide, HVS’s hospitality intelligence and extensive expertise will help you achieve the results you want.Media Contact:
Lizzette Casarin
Senior Marketing Director
[email protected]
+1 (720) 244-7620