Property in iconic Cityplace Tower latest in global pipeline with 60+ hotels under development
Denham, United Kingdom, 2019-Aug-21 — /Travel PR News/ — IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, today (20 AUGUST 2019) announces the development of a new InterContinental® Hotels & Resorts property in Dallas. With 205 InterContinental hotels open worldwide and another 61 in the global development pipeline, IHG continues to expand the brand’s portfolio in the most sought-after destinations around the world.
Set to open in early 2022, the luxury hotel will be located in Cityplace Tower, a 42-story mixed-use building in the Uptown neighborhood of Dallas. Featuring 223 stylish rooms, the hotel will occupy eight of the building’s 42 floors and will include a restaurant, full bar and lounge. Plans for the restaurant include a fourth-floor terrace overlooking the Uptown neighborhood and downtown Dallas. Additional hotel features include an outdoor pool, fitness center, business center, signature Club InterContinental Lounge and onsite parking.
The InterContinental Dallas Uptown hotel will be owned by NexPoint Advisors, L.P., an affiliate of Highland Capital Management, L.P., and will be managed by IHG. The hotel is an integral part of NexPoint’s redevelopment of Cityplace Tower, and is among a series of upgrades included in the first phase of the overall building renovation plans. As part of these enhancements, NexPoint plans to renovate the lobby, introduce concourse-level food and retail offerings and build a new fitness center.
Joel Eisemann, Chief Development Officer, Americas, IHG, commented: We are extremely pleased to be partnering with Highland Capital to bring the InterContinental brand back to Dallas, and offer world-renowned luxury service to business and leisure travelers. With its iconic design, sweeping panoramic views of the Dallas skyline, and premiere Uptown neighborhood location, the Cityplace Tower is a natural fit for an InterContinental hotel. This project will be a tremendous addition to our luxury portfolio in the Americas.”
James Dondero, Co-founder and President, Highland Capital Management, said: “We see Cityplace as an opportunity to contribute to the Uptown area. Selecting the right hotel operator was a top priority, and we are excited to partner with IHG.”
The hotel will be located in the northeastern edge of the Uptown neighborhood of Dallas, an area that is home to office buildings, residential towers, apartment complexes, restaurants and shops, and considered to be one of Dallas’ most desirable live-work-play communities. The hotel will include abundant meeting space, including ballroom and banquet space with large windows featuring unrivaled views of the city. The main entrance will be redesigned to create a grand hotel arrival experience, including a porte-cochere for valet operations and a space for drop-off/pick-up activities.
As the world’s first and largest international luxury hotel brand, InterContinental Hotels & Resorts have been pioneering new international destinations for decades. The brand continues its trailblazing heritage with new openings in key cities and emerging destinations, and is experiencing exciting growth in the U.S. Recent hotel openings include InterContinental Washington DC – The Wharf, InterContinental Houston – Medical Center, InterContinental Minneapolis – St. Paul Airport and InterContinental San Diego. Last year, the brand celebrated its 200th hotel with the formidable InterContinental Shanghai Wonderland.
IHG® (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of hotel brands, including InterContinental® Hotels & Resorts, Kimpton®Hotels & Restaurants, Hotel Indigo®, EVEN® Hotels, HUALUXE® Hotels and Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn®, Holiday Inn Express®, Holiday Inn Club Vacations®,Holiday Inn Resort®, avid™ hotels, Staybridge Suites® and Candlewood Suites®.
IHG franchises, leases, manages or owns nearly 5,400 hotels and 800,000 guest rooms in almost 100 countries, with more than 1,700 hotels in its development pipeline. IHG also manages IHG® Rewards Club, our global loyalty programme, which has more than 100 million enrolled members.
InterContinental Hotels Group PLC is the Group’s holding company and is incorporated in Great Britain and registered in England and Wales. More than 375,000 people work across IHG’s hotels and corporate offices globally.
Visit www.ihg.com for hotel information and reservations and www.ihgrewardsclub.com for more on IHG Rewards Club. For our latest news, visit: www.ihgplc.com/media and follow us on social media at: www.twitter.com/ihg, www.facebook.com/ihg and www.youtube.com/ihgplc.
About Cityplace Tower
Cityplace Tower is a 42-story, Class A office building in Uptown, Dallas. The 1.35 million-square-foot tower is located at 2711 North Haskell Avenue, next to the popular West Village retail venue. Its location offers proximity to downtown, as well as to many urban and residential Dallas neighborhoods. Situated on 8.69 acres, the property includes 3,300 parking spaces and is connected to the Dallas Area Rapid Transit (DART) light rail network at Cityplace Station. Highland Capital Management acquired Cityplace Tower in 2018 with plans to upgrade the building and surrounding area. Cityplace Tower is managed by Highland affiliate NexBank Realty Advisors. Avison Young serves as the building’s leasing agent. For more information visit www.cityplacedallas.com.
About InterContinental®Hotels & Resorts
The InterContinental® Hotels & Resorts brand makes travel alluring, with insights from over 70 years of experience. Each of our properties provides a gateway to the glamour of the InterContinental Life. As a brand, we aim to embody global sophistication through our superior, understated service and exceptional amenities. What makes us truly different is the genuine interest we show our guests through personalised and attentive services. We offer our most valued guests signature VIP services through a dedicated InterContinental® Ambassador programme and an exclusive Club InterContinental® experience. We connect our well-travelled guests to what’s special about a destination, so they enjoy authentic local experiences that will enrich their lives. For more information and to book, visit www.intercontinental.com, and connect with us on Facebook and Instagram
NexPoint is a leading alternative investment platform comprised of investment advisers NexPoint Advisors, L.P. and NexPoint Real Estate Advisors, L.P., broker dealer NexPoint Securities, Inc., and a suite of related investment vehicles. NexPoint’s platform provides differentiated access to alternatives through a range of investment offerings, including publicly traded real estate investment trusts (REITs), real estate private placements, 1031 exchanges, closed-end funds, interval funds, and a business development company (BDC). NexPoint is based in Dallas, Texas and affiliated with Highland Capital Management, L.P., a multibillion-dollar global asset manager. For more information, visit nexpointfunds.com.
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