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DALLAS-Fairfield, NJ-based Prime Hospitality Corp. has sold its Dallas/West End AmeriSuites hotel to Florida Capital Hotel Partners (Dallas) Ltd. The four-year-old hotel at 1907 North Lamar St. has 149 units.

Prime Hospitality is staying to manage the hotel for the next 20 years under a franchise agreement with Florida Capital. Prime Hospitality says the sale is part of a strategic initiative to divest its hotel real estate while maintaining franchise rights. Although details of the Dallas deal were unavailable, the plan has generated $31 million this year from asset sales and almost $250 million in the past two years.

Prime Hospitality owns and operates AmeriSuites and Wellesley Inns & Suites. The company owns, manages and franchises approximately 236 hotels nationwide. Prime Hospitality also has franchise agreements with national hotel chains including Hilton, Radisson, Sheraton, Holiday Inn and Ramada.

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