Holiday Inn blossoms to Magnolia in DallasHoliday Inn blossoms to Magnolia in Dallashttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=9952015-05-19T14:45:00Z2015-05-19T00:00:00Z

DALLAS - Holiday Inn at 6070 N. Central Expy. north of Mockingbird Lane is getting a makeover and new branding as a luxury Magnolia Hotel.

TriGate Capital — owners of the 293-room Dallas hotel — will convert the nine-story hotel to the Magnolia flag by investing $2 million to improve the property after just spending $9 million on upgrades.

TriGate bought the hotel after a foreclosure in 2010. The property had operated for years as a Radisson Hotel.

The hotel is about 80 percent occupied and upgrades will start next month with the rebranding of the property.

“We will have all new signage and a new water feature at the entry,” said TriGate managing member Jonathan Pettee. “A lot of the furnishings will be improved…and we are going to modify the restaurant with a more upscale feel.”

Dallas Morning News
Dallas-Fort Worth-Arlington
http://www.dallasnews.com/business/commercial-real-estate/20150518-magnolia-hotel-planned-near-bush-library.eceRead more at {Source}

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