InterContinental Hotel is a Good Fit for Cityplace Tower

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.