Holiday Inn Dallas Central – Park Cities Wins IHG 2014 Renovation Award
Dallas, Texas – Jan. 5, 2015 – The Holiday Inn Dallas Central – Park Cities recently received the IHG® (InterContinental Hotels Group) 2014 Renovation Award for its successful completion of major modernization and renovation programs during the past year.
The hotel was recognized during the 2014 IHG Americas Investors & Leadership Conference in Las Vegas, Nevada earlier this fall at The Venetian® | The Palazzo® Resorts-Hotel-Casino. The hotel is one of 56 hotels to receive this award from a portfolio of more than 4,700 hotels.
The Holiday Inn Dallas Central – Park Cities completed a $9 million renovation and offers a full service restaurant and lounge, upgraded décor and an indoor pool. The property is a convenient option for business travelers with free wireless Internet access, a 24-hour business center and easy access to some of the area’s largest companies. More than 12,000 square feet of meeting space provides a great option for group, corporate and social gatherings. Free shuttle service also is provided to Dallas Love Field Airport.
“We were honored to receive this award from IHG,” said Leigh Hitz, president and chief executive officer for Stout Street Hospitality, which manages the property. “It’s been exciting to see how the market has responded to the newly renovated property. It’s become a preferred destination for guests in the popular Park Cities area in suburban Dallas.”
The renovation was the product of TriGate Capital, LLC and a Dallas-based team including Sarah Pickard of Pickard Design Studios (interior design), David Breeding of IHG Design (project management), Mike Adcock of Adcock Construction (general contractor), Joe Wilkins of Design Alchemy (interior architecture) and Aaron Farmer of Booziotis & Co (exterior architecture).
The Holiday Inn Dallas Central – Park Cities is located just steps away from the recently opened George W. Bush Presidential Library with easy access to Southern Methodist University, North Park Center, Fair Park/Cotton Bowl, the American Airlines Center, downtown Dallas and more.
For more information on the Holiday Inn Dallas Central – Park Cities, please visit dallasparkcitieshotel.com.
Denver-based Stout Street Hospitality, a privately held hotel management and development company, operates upscale boutique hotels catering to the sophisticated traveler. The company focuses on development, management, acquisition, re-branding, new construction and conversion of existing hotel properties. The core product line consists of award-winning, independent boutique hotels under the Magnolia brand that offer a style unlike that of trendy or branded hotels. The company currently operates hotels in Denver, Dallas, Houston, St. Louis and Omaha, Neb., and is exploring other markets for additional growth opportunities. For more information, visit www.stoutstreethospitality.com.
TriGate Capital, LLC redeveloped and owns the hotel. TriGate is a market leading real estate private equity firm focused on the recapitalization and repositioning of real estate assets and companies. TriGate seeks to identify and invest in opportunities that require new capital to solve capital structure issues or to further an asset or company business plan. The firm manages two fully discretionary real estate funds, TriGate Property Partners, LP (Fund I) and TriGate Property Partners II, LP (Fund II), which are the vehicles through which TriGate conducts its investment strategy. Fund I is fully invested and Fund II is presently in its investment period. For further information, please visit www.trigatecapital.com.
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