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407-key downtown hotel to undergo extensive remodeling
Inland American Lodging Group Inc. has acquired the former Westin City Center in Dallas for $50 million, or about $123,000 per key, and converted the property to a full-service Marriott hotel. Marriott is managing the newly named Dallas Marriott City Center hotel under a long-term agreement.
“We are excited to add the Dallas Marriott City Center to our growing portfolio of Marriott-branded hotels,” said Marcel Verbaas, president and ceo of Inland American Lodging Advisors. “Given its strong location in Dallas' downtown financial and arts districts, the affiliation with Marriott's flagship brand and our plans to fully improve and renovate the hotel, we believe it is well-positioned for strong future revenue growth.”
The new Dallas Marriott City Center hotel contains 407 guestrooms, including 25 suites, and a total of 25,000 sq. ft. of meeting space and an 8,600-sq.-ft. ballroom. The hotel is part of the 1.2-million-square-foot Plaza of the Americas mixed-use complex, which also includes two office towers, upscale retail and fine dining.
Renovations to the property will include an update of all guest rooms, the addition of a concierge lounge, the creation of a state-of-the-art fitness facility and upgrades to its restaurant, lobby and meeting rooms.
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