The 223-key hotel will occupy eight of the building’s 42 floors along with a restaurant and bar.
DALLAS—NexPoint Advisors, an alternative investment advisor and affiliate of Dallas-based asset management firm Highland Capital Management, plans to establish an InterContinental Hotels & Resorts branded luxury property within Cityplace Tower, a 42-story office building in Uptown. NexPoint acquired the building in August 2018 and established a long-term agreement to manage a full-service five-star hotel within the building.
The announcement marks the beginning of NexPoint’s redevelopment of Cityplace Tower and the surrounding acreage.
“We see Cityplace as an opportunity to contribute to the Uptown area,” said James Dondero, Highland Capital Management co-founder and president. “Selecting the right hotel operator was a top priority.”
The 223-key hotel will occupy eight of the building’s 42 floors and will contain a restaurant, full bar and lounge. Plans for the restaurant include a fourth-floor terrace overlooking Uptown and downtown. Additional hotel features include an outdoor pool, fitness center, business center, Club InterContinental Lounge and onsite parking. The hotel is expected to open in early 2022.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
