DALLAS – An investment fund created by Crescent Real Estate has purchased the Ritz-Carlton.
The five-story, 218-room hotel on McKinney Ave. in Uptown opened in 2007.
The buyer paid $700 million to acquire the landmark Crescent complex across the street in March.
The Texas Real Estate Research Center has more on DFW's retail market:
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.