Partnership Acquires W Dallas Victory Hotel
The asset adjacent to American Airlines Center was recently acquired by a partnership between HN Capital Partners and Dunhill Partners Inc. from seller Estein USA at an undisclosed purchase price.
DALLAS—The W Dallas Victory Hotel is a 252-room lifestyle hotel positioned in Uptown’s live-work-play environment of Victory Park, Uptown’s fastest-growing entertainment district. The hotel is situated on 1.65 acres at 2440 Victory Park Lane adjacent to the 21,000-seat American Airlines Center, home to the Dallas Mavericks and Stars, and host to more than 260 annual events. It contains 5,700 residents and 2.6 million square feet of class-A office in addition to eateries and walkability to other area attractions, including the Perot Museum of Nature and Science, House of Blues, Cinepolis Luxury Cinema and Katy Trail.
The asset was recently acquired by a partnership between HN Capital Partners and Dunhill Partners Inc. from seller Estein USA. The price was undisclosed.
The 33-story W Dallas Victory Hotel is a lifestyle hotel with a variety of amenity offerings including a restaurant, lobby bar, terrace bar, infinity pool and pool deck on the 16th floor, and 10,800 square feet of meeting and event space. The building also contains non-owned ground-floor retail and residential condominiums on floors 18 to 32.
JLL marketed the property on behalf of the seller. Additionally, JLL placed the three-year floating-rate financing with three one-year extension options with Starwood Property Trust.
The JLL capital markets team included senior managing director Michael Kavanau and senior associate Parker Sherrill. The JLL capital markets debt placement team was led by senior director De’On Collins, who worked in conjunction with Randy Fleisher, principal of Hamilton Realty Finance, to source financing for the new owner.