W Dallas Victory Hotel is a 252-room hotel in Uptown's live-work-play environment of Victory Park.
DALLAS—The W Dallas Victory Hotel is a 252-room lifestyle hotel positioned in Uptown's live-work-play environment of Victory Park, Uptown's fastest-growing entertainment district. The hotel is situated on 1.65 acres at 2440 Victory Park Lane adjacent to the 21,000-seat American Airlines Center, home to the Dallas Mavericks and Stars, and host to more than 260 annual events. It contains 5,700 residents and 2.6 million square feet of class-A office in addition to eateries and walkability to other area attractions, including the Perot Museum of Nature and Science, House of Blues, Cinepolis Luxury Cinema and Katy Trail.
The asset was recently acquired by a partnership between HN Capital Partners and Dunhill Partners Inc. from seller Estein USA. The price was undisclosed.
The 33-story W Dallas Victory Hotel is a lifestyle hotel with a variety of amenity offerings including a restaurant, lobby bar, terrace bar, infinity pool and pool deck on the 16th floor, and 10,800 square feet of meeting and event space. The building also contains non-owned ground-floor retail and residential condominiums on floors 18 to 32.
JLL marketed the property on behalf of the seller. Additionally, JLL placed the three-year floating-rate financing with three one-year extension options with Starwood Property Trust.
The JLL capital markets team included senior managing director Michael Kavanau and senior associate Parker Sherrill. The JLL capital markets debt placement team was led by senior director De'On Collins, who worked in conjunction with Randy Fleisher, principal of Hamilton Realty Finance, to source financing for the new owner.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
