Uptown Dallas' luxury Ritz-Carlton and Crescent Court hotels have obtained a new $300 million debt package.
Dallas hotel building boom will bring more than 21,000 new roomsThe huge debt deal is one of the largest such financial packages for a Dallas-area property this year.have sharply reduced the volume of commercial property transactions in 2023.
The 16-year-old Ritz-Carlton Hotel on McKinney Avenue is one of Dallas’ priciest accommodations. A standard room in the hotel can average more than $700 a night. The hotel is getting more than $20 million in upgrades to make the property even more appealing to affluent travelers.
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