North Dallas Westin Hotel attracts New York buyerNorth Dallas Westin Hotel attracts New York buyerhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=16562015-02-26T10:55:00Z2015-02-24T00:00:00Z

DALLAS - The 536-room Westin Dallas Park Center on LBJ Fwy. near N. Central Expy. has been sold.

New York-based AWH Partners bought the hotel with plans to spend more than $20 million to remodel and update the hotel, which was built in 1982.

The 20-story hotel has 42,000 sf of meeting space, fitness center and outdoor pool.

“Growing our presence in major markets like Dallas is very much in line with our overall strategy of occupying strong markets by investing in large hotels with big meeting space that offer an opportunity for value-add through renovation,” said Bernard Michael, principal of AWH Partners. “We are extremely pleased with the outlook for this investment.”

AWH Partners is a five-year-old company that owns almost two dozen hotels across the country.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://bizbeatblog.dallasnews.com/2015/02/north-dallas-westin-hotel-sold-to-new-york-investor.html/Read more at {Source}

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