Holiday Inn blossoms to Magnolia in Dallas

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.”