$4 million in upgrades planned for Dallas' Stoneleigh$4 million in upgrades planned for Dallas' Stoneleighhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=112782015-11-24T06:00:00Z2015-11-24T18:00:00Z

​​​DALLAS – New York-based Carey Watermark Investors Inc. has acquired The Stoneleigh historic hotel in Uptown with plans to spend $4 million on upgrades.

Built in 1923, the art deco hotel is listed on the National Register of Historic Places and has gone through a number of upgrades throughout recent years, including an extensive $36 million redo in 2008.

Carey Watermark will upgrade guestrooms, corridors, pool and outdoor courtyard event space of the 176-room property.

The property includes a 8,900-sf meeting and event space, a full-service restaurant, fitness and business centers and lobby with a bar and lounge. 

The Stoneleigh will continue to be managed by Merritt Hospitality, an affiliate of HEI Hotels & Resorts. 

Dallas Business Journal
Dallas-Fort Worth-Arlington
http://www.bizjournals.com/dallas/news/2015/11/23/new-york-reit-buys-the-stoneleigh-in-uptown-dallas.html?ana=e_du_pub&s=article_du&ed=2015-11-23&u=yG2E0oPJdYiGi7lZ36mOd56qtUl&t=1448313284Read more at {Source}

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