Hilton Dallas Park Cities Hotel for Sale

Thursday, July 14, 2016

Update:  HFF closed the sale of this property. Please click here to view our current commercial real estate listings.

On behalf of the owner, HFF is marketing for sale the 224-room Hilton Dallas Park Cities Hotel. The hotel for sale is being offered unencumbered of the current Hilton management agreement, providing complete operational flexibility to a new owner.

Prominently located in the heart of Preston Center, the city’s most prestigious office district, the Hilton hotel is bordered by Dallas’ most affluent neighborhoods and the Dallas North Tollway. The Dallas hotel for sale offers exceptional access to a diverse mix of demand generators, including Southern Methodist University (SMU), George W. Bush Presidential Center, the two million-square-foot NorthPark Center mall with 21 million annual visitors, Dallas Love Field Airport and 3.1 million square feet of surrounding Class A office space. 

The Hilton Dallas Park Cities Hotel features a full amenity package, including a rooftop pool; the Grain Restaurant with a contemporary cowboy atmosphere; Lobby Bar with Starbucks, sandwiches and cocktails; 24-hour fitness center; business center; multi-lingual staff; 12,000 square feet of event space and meeting areas, including a 4,000-square-foot ballroom; and on-site convenience store.

Texas Hotel for Sale Highlights

  • Recently-Renovated Trophy Asset:  Opened in 2001, the Hilton’s generously-sized guestrooms are 25-plus years newer than the average competitive set guestroom. Following a $6.6-million renovation ($29,442/key) between 2012 and 2013, the commercial property for sale was awarded a "Renovation of the Year" designation from Hospitality Design.
  • Growing and Diverse Dallas Market:  The Dallas-Fort Worth economy is one of the strongest and most insulated in the country, supporting a broad range of businesses in key long-term growth industries. Consistently ranked as Forbes’ top-ranked business climate, Dallas, Texas, continues to attract corporate relocations at an unprecedented rate.
  • Flagship Hilton Brand:  The Hilton’s access to a market-leading loyalty program, Hilton Honors, and worldwide distribution system is a major competitive advantage. With more than 4,600 hotels and resorts in its system spanning 100 countries and territories worldwide, Hilton is arguably one of the industry’s most-preferred brands.
  • Unencumbered of Management:  Currently managed by Hilton, the property is being offered free and clear of the existing management agreement, providing complete operational flexibility for a new owner/operator. The hotel is being sold subject to the existing Hilton brand affiliation.

Hilton Dallas Park Cities Hotel is a recently-renovated, full-service hotel for sale in Dallas. For more information on this or other hotels for sale in Texas, contact John Bourret or Austin Brooks in HFF’s Dallas office.

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.

By Topics