Inland American Lodging Acquires Fairmont Dallas

4th August 2011 (Last Updated August 4th, 2011 18:30)

Inland American Lodging, a wholly owned subsidiary of Inland American Real Estate Trust, has bought The Fairmont Dallas in Texas, US, for $69m. The company will make additional capital improvements for the 545-room Fairmont Dallas property. The Fairmont Dallas has two towers

Inland American Lodging, a wholly owned subsidiary of Inland American Real Estate Trust, has bought The Fairmont Dallas in Texas, US, for $69m.

The company will make additional capital improvements for the 545-room Fairmont Dallas property.

The Fairmont Dallas has two towers and 70,000ft² of meeting space.

Following the acquisition, Inland American Real Estate Trust will have whole or partial ownership interests in 16,628 hotel rooms across the US.