Crow Holdings plans a $31 million renovation of Dallas’ Hilton Anatole, covering 475,000 square feet and including updates to various amenities, according to a Real Deal article. They say,
“Crow Holdings filed plans to renovate its 1,600-key hotel at 2201 North Stemmons Freeway, the Hilton Anatole. The developer expects work to cost nearly $31 million and cover some 475,000 square feet, according to the filing.
On top of new paint, Crow plans to replace carpets, sinks, vanities, outlets, switches and lighting. Work is expected to start in July and run through mid-February. The Washington, D.C., architecture and interior design firm BBGM is also listed on the application.
The hotel is a major draw for conventions, with its 600,000-square-foot event space and nine ballrooms. “
The hotel is currently owned by a Crow Holdings affiliate. Lodging Econometrics estimates that over 250 new hotel projects are underway in North Texas as of the end of the first quarter according to a Real Deal article which reports,
“Taking up 45 acres on Stemmons Freeway, the Hilton Anatole was a favorite project of legendary real estate developer Trammell Crow. The hotel originally opened as a Loews property and later switched to Wyndham Hotels before joining the Hilton brand in 2005.
The Anatole is owned by an affiliate of Dallas investor Crow Holdings.
At the end of the first quarter, more than 250 new hotel projects were in the works for North Texas, according to the latest estimate by Lodging Econometrics.”
Despite recent scrutiny, Crow Holdings remains active in construction, including a $38 million warehouse in Dallas and an industrial project near Chicago.