Owned by New York-based Apollo Real Estate Advisors and its partner in the Stoneleigh Hotel, Dallas-based Prescott Realty Group, Apollo has appointed Austin-based La Corsha Hospitality Group, spearheaded by hotelier Jeff Trigger, to oversee the hotels' restorations and management.
"They will never build another St. Anthony or Stoneleigh in their respective markets," says Trigger, who was named by Leaders Magazine as one of Dallas' top hospitality managing directors. "These historic properties are worth reinvestment and restoration efforts."
The 171-unit Stoneleigh Hotel will undergo $25 million worth of improvements that will include adding a 5,200-sf spa and refurbishing guest rooms and restaurant, bar and lobby areas. Construction will begin this summer and include a 110-unit, 22-story luxury condominium component called The Tower Residences, to be built adjacent to the hotel. A grand re-opening is scheduled for summer of 2007.
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