Brokers aren't discussing what the Plymouth, MN-based Carlsonrealized from the quiet trade of the 6.1-acre asset at 1981 N.Central Expwy. Austin-based Source Strategies Inc.'s vice presidentDoug Sutton says to build a comparable full-service hotel that itwould cost $110,000 to $120,000 per key, excluding land costs.Dallas Central Appraisal District has the hotel assessed at $15.6million or $53,388 per room. Given the deal's dynamics, it's a safebet that HM-NM Inc., led by Al Mori of Dallas, paid at least$60,000 per room for the deed.

CB Richard Ellis first vice president Bert Stevens and vicepresident Bidjaan Kassam brokered the sale. Stevens tellsGlobeSt.com that Carlson hadn't tagged the asset as non-core, buttwo other Radisson-flagged hotel sales in the market showed enoughdemand that the seven-year owner was convinced to sell. But, headds marketing was done "on a very confidential basis."

In 2006, Mori, the investment group's vice president, bought a220-room Holiday Inn Select at 1655 N. Central Expressway, aboutone mile from the Radisson. "He was an ideal candidate," Kassamexplains. As part of the new pickup, Mori signed a new long-termfranchise agreement to keep the Radisson flag in place.