Highline Hospitality Partners has acquired the Hilton DFW Lakes Executive Conference Center marking the company’s second acquisition in the last month.
HHP—the hospitality investment platform launched by Birmingham, Ala.-based Highline Real Estate Partners—acquired the Pittsburgh Marriott North in February. Located on roughly 29 lakeside acres in Grapevine just north of Dallas Fort Worth International Airport, the 397-room hotel has roughly 72,000 square feet of indoor meeting space. Highline has engaged Plano, Texas-based Avion Hospitality to manage the hotel, expanding an existing strategic partnership between the two companies.
“We are excited to add the Hilton DFW Lakes to our portfolio and to expand our relationship with Avion,” said Chuck Pomerantz, managing partner of Highline Hospitality Partners. “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 that differentiates the hotel relative to its competitive set.”…