DALLAS - Developers have purchased the 110-year-old Ambassador Hotel on S. Ervay St. with plans to restore the property.
The landmark hotel is just south of downtown and is one of the city’s oldest surviving residential hotels. The hotel is next door to Dallas Heritage Village Park and is in an area that is seeing redevelopment.
A partnership led by developer Jim Lake Jr. bought the six-story building, which opened in 1905 as the Majestic Hotel.
The new owners plan to restore the building with a combination of luxury hotel space and apartments.
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