AHG & Civitas Close Financing for Two McKinney Hotels
Atlantic Hotels Group and Civitas Capital Group have just announced closing of financing for two new hotels in McKinney. The hotels, a 129-room SpringHill Suites by Marriott and a 107-room Home2 Suites by Hilton, will open in Winter of 2017.
The location of the new hotels is exciting due to the rapid growth of McKinney, which was named the #1 Best Place to Live in America by CNN Money in 2014.
“McKinney’s growth is certainly eye-popping, and we want to harness this rising market by bringing new and exciting lodging options to it.” Perry Molubhoy, CEO of Atlantic Hotels Group
Growth of residence and industries in the area make it a prime area to enter the market.
Read the full press release here.