DALLAS--The Buccini/Pollin Group, a privately-held, full-service real estate acquisition, development and management company (BPG) based in Wilmington, Dela., has acquired the 282-room DoubleTree by Hilton DFW Airport North. The hotel will be operated by PM Hospitality Strategies Inc. 

"We identified Texas, and Dallas in particular, as a market to focus on due to its diversified economy, strong employment growth and skilled work force,” says Dave Pollin, co-founder of BPG. “We believe that this is the ideal time for us to continue expanding our footprint beyond our East Coast home base, and all signs suggest that Dallas is a smart long-term play.”

Located less than two miles from D/FW International Airport in Irving, the eight-story hotel is situated near corporations such as Allstate, Siemens, Verizon, AT&T, IMB and Microsoft. Hotel amenities include approximately 17,000 square feet of function space, an outdoor pool, 24-hour fitness center, full-service business center and airport shuttle service. Guests can choose between Flatland Grille & Bar, featuring contemporary Texas cuisine, and Starbucks for dining.

BPG was an active hotel developer last year. In addition to the DoubleTree, the company acquired a 320-room Hilton in Knoxville, Tenn., opened the 293-unit Homewood Suites by Hilton in Manhattan in June, and developed the 180-room Westin Wilmington and 136-room Hampton Inn & Suites Wilmington/Christiana, both in Delaware. Also, BPG has a 320-suite Embassy Suites by Hilton under construction in Manhattan and a 170-key Hampton Inn & Suites under construction adjacent to Nationals Park in Washington, D.C.  In October, BPG announced the development of two Canopy by Hilton hotels, one each in Portland, Ore., and metro Washington, D.C.

As for the Dallas asset, Pollin points to energy costs as the deal-maker.

“BPG is thinking a lot about how declining energy costs are impacting the travel industry, both on the demand side in places like Texas, and as hotel operating costs,” Pollin told GlobeSt.com. “Our bottom line is that, even in an energy-intensive state like Texas, declining energy costs are a net positive for the travel industry.”