Highline Hospitality Partners (HHP), the hospitality investment platform launched by Highline Real Estate Partners, has acquired the Hilton DFW Lakes Executive Conference Center.
Set on approximately 29 lakeside acres in Grapevine, TX, just north of the DFW International Airport, the 397-room hotel features approximately 72,000 sq. ft. of indoor meeting space and amenities including three full-service restaurants (plus a coffee bar/snack shop), indoor and outdoor pools, hot tubs, 12 pickleball courts, three tennis courts, a basketball court, a sand volleyball court, jogging/walking trails and access to a five-acre private lake.
With this acquisition, HHP now oversees a portfolio of 18 hotels comprising more than 5,000 guestrooms and close to $1.5 billion in hospitality assets under management. In addition, the firm provides third-party asset management oversight for four additional hotels on behalf of an institutional ownership group, bringing the total number of properties overseen by HHP to 22.
HHP has engaged Avion Hospitality to manage the hotel, marking another strategic partnership between the two firms.
“We are excited to add the Hilton DFW Lakes to our portfolio and to expand our relationship with Avion,” said Chuck Pomerantz, managing partner, HHP. “This institutionally owned, high-quality asset is an attractive addition given its strategic location in the DFW submarket, the diverse and stable demand generators upon which it draws, and its product featuring a market-leading meeting space offering, which differentiates the hotel relative to its competitive set. We believe the property is well-positioned to deliver durable cash flow and long-term value as we continue grow and diversify our hotel portfolio across the country.”
Originally delivered in 1983, the hotel has been institutionally owned and well-maintained, benefiting from meaningful capital investment in recent years. While the property is in strong physical condition and maintains a solid guest service reputation, HHP plans to pursue targeted renovations in the coming years, primarily focused on meeting space, to further enhance the hotel’s competitive positioning.
