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Holiday
Inn Dallas Central – Park Cities Wins IHG 2014 Renovation Award
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Dallas,
TX – January 2015 / Newsmaker Alert / The
Holiday
Inn Dallas Central – Park Cities recently received the IHG® (InterContinental
Hotels Group) 2014 Renovation Award for its successful completion of major
modernization and renovation programs during the past year.
The
hotel was recognized during the 2014 IHG Americas Investors & Leadership
Conference in Las Vegas, Nevada earlier this fall at The Venetian®
| The Palazzo® Resorts-Hotel-Casino. The hotel is one of 56 hotels
to receive this award from a portfolio of more than 4,700 hotels.
The
Holiday Inn Dallas Central – Park Cities completed a $9 million renovation
and offers a full service restaurant and lounge, upgraded décor
and an indoor pool. The property is a convenient option for business travelers
with free wireless Internet access, a 24-hour business center and easy
access to some of the area’s largest companies. More than 12,000 square
feet of meeting space provides a great option for group, corporate and
social gatherings. Free shuttle service also is provided to Dallas Love
Field Airport.
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“We
were honored to receive this award from IHG,” said Leigh Hitz, president
and chief executive officer for Stout
Street Hospitality, which manages the property. “It’s been exciting
to see how the market has responded to the newly renovated property. It’s
become a preferred destination for guests in the popular Park Cities area
in suburban Dallas.”
The
renovation was the product of TriGate Capital, LLC and a Dallas-based team
including Sarah Pickard of Pickard Design Studios (interior design), David
Breeding of IHG Design (project management), Mike Adcock of Adcock Construction
(general contractor), Joe Wilkins of Design Alchemy (interior architecture)
and Aaron Farmer of Booziotis & Co (exterior architecture).
The
Holiday Inn Dallas Central – Park Cities is located just steps away from
the recently opened George W. Bush Presidential Library with easy access
to Southern Methodist University, North Park Center, Fair Park/Cotton Bowl,
the American Airlines Center, downtown Dallas and more.
For
more information on the Holiday Inn Dallas Central - Park Cities, please
visit www.DallasParkCitiesHotel.com.
Denver-based
Stout Street Hospitality, a privately held hotel management and development
company, operates upscale boutique hotels catering to the sophisticated
traveler. The company focuses on development, management, acquisition,
re-branding, new construction and conversion of existing hotel properties.
The core product line consists of award-winning, independent boutique hotels
under the Magnolia brand that
offer a style unlike that of trendy or branded hotels. The company currently
operates hotels in Denver, Dallas, Houston, St. Louis and Omaha, Neb.,
and is exploring other markets for additional growth opportunities. For
more information, visit www.StoutStreetHospitality.com.
TriGate
Capital, LLC redeveloped and owns the hotel. TriGate is a market leading
real estate private equity firm focused on the recapitalization and repositioning
of real estate assets and companies. TriGate seeks to identify and invest
in opportunities that require new capital to solve capital structure issues
or to further an asset or company business plan. The firm manages two fully
discretionary real estate funds, TriGate Property Partners, LP (Fund I)
and TriGate Property Partners II, LP (Fund II), which are the vehicles
through which TriGate conducts its investment strategy. Fund I is fully
invested and Fund II is presently in its investment period. For further
information, please visit www.TriGateCapital.com.
Media
Contacts:
Mike
Pratt
VP
Sales & Marketing
Stout
Street Hospitality
303-607-1127
Kristin
Yantis
Malen
Yantis Public Relations
for
Stout Street Hospitality
970-949-7919
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