Dallas' landmark Stoneleigh hotel changes handsDallas' landmark Stoneleigh hotel changes handshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112562015-11-24T06:00:00Z2015-11-24T15:00:00Z

​​​DALLAS - The 176-room Stoneleigh Hotel — located on Maple Ave. in Uptown — has been purchased by New York investor Carey Watermark Investors Inc.

Built in 1923 as a residential hotel, the Stoneleigh got a $36 million redo in 2008.

The hotel has had a couple of different operators since then, and is currently part of Starwood Hotels & Resorts' Le Meridien brand. The new owners say that the Stoneleigh will stay under Le Meridien's flag.

"The acquisition of Le Meridien Dallas, The Stoneleigh represented the opportunity to secure a fully-renovated, iconic asset in one of the most attractive locations in the Dallas Metroplex, a region where economic growth is amongst the strongest in the nation," said Michael Medzigian, CEO of Carey Watermark Investors.

The new owners plan to spend $4 million for guestroom and corridor updates, the addition of an outdoor event space, a swimming pool and additional upgrades.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://bizbeatblog.dallasnews.com/2015/11/uptown-dallas-landmark-stoneleigh-hotel-changes-hands.html/Read more at {Source}

 Search NewsTalk Texas