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.”
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