DALLAS—Holliday Fenoglio Fowler L.P. (HFF) has closed the sale of Hilton Dallas Park Cities, a 224-room hotel in Preston Center here. HFF marketed the property on behalf of the seller. Woodbine Legacy Investments (WLI) purchased the hotel, which is the new fund’s inaugural purchase.
The 11-story Hilton Dallas Park Cities was completed in 2001 and extensively renovated between 2012 and 2013. Amenities include a heated outdoor rooftop pool with city views, business center, fitness center, Honors lounge, 10,259 sq. ft. of meeting and event space, lobby bar and Grain full-service restaurant.
Situated on nearly a full acre at 5954 Luther Ln., the hotel is located in the heart of Preston Center and bordered by affluent neighborhoods and the Dallas North Tollway.
John Bourret, managing director, and Austin Brooks, associate director, led the HFF investment sales team representing the seller.