CHICAGO, Illinois—JLL’s Hotels & Hospitality group announced it has arranged the refinancing for the Hilton Dallas Plano Granite Park, a 300-room full-service hotel in Plano, Texas. JLL worked on behalf of the borrower, Driftwood Capital, to secure the floating-rate, three-year loan through a debt fund.
The property is situated within Granite Park, a 90-acre Class A mixed-use development at the intersection of Dallas North Tollway and Sam Rayburn Tollway in West Plano. The development encompasses more than three million square feet of office space occupied by Fortune 500 companies and includes The Boardwalk, a waterfront dining and entertainment district with numerous restaurants and retail establishments. The hotel is supported by demand generated by the office park’s concentration of corporate headquarters and regional offices.
Driftwood Capital acquired the hotel in June 2023 and completed a comprehensive $8.5 million renovation in March 2025. The property improvements included all 300 guestrooms, as well as public spaces throughout the nine-story building. The renovation also updated the property’s food and beverage outlets, which now include Carso Restaurant with indoor and outdoor dining, Carso Market for grab-and-go service, and Prairie Fire bar with an outdoor patio. The hotel includes 30,000 square feet of meeting space; the Prairie Ballroom can accommodate up to 1,300 guests for conferences, weddings, and social events…