Done Deals: HFF announces sale and acquisition financing of The Highland Dallas Curio hotel

Thursday, October 25, 2018

HFF announces sale and acquisition financing of The Highland Dallas Curio hotel

The Highland Dallas Curio Hotel, 5300 East Mockingbird Lane,
Dallas, TX

DALLAS, TX –– HFF announces the sale of and acquisition financing for The Highland Dallas Curio, a 198-room, AAA Four-Diamond, luxury hotel located in Dallas, Texas.

John Bourret

The HFF team marketed the property on behalf of the seller. Lennox Capital Partners purchased the hotel and brought in HEI Hotels & Resorts for management of the property going forward.

Additionally, working on behalf of the new owner, the HFF team placed the five-year, floating-rate loan with a European bank.

The Highland Dallas Curio has undergone $6.2 million in capital improvements since 2014, propelling it to one of the top-performing hotels in the Dallas market.

Part of Hilton’s Curio Collection, the hotel features Chef John Tesar’s highly acclaimed full-service restaurant, Knife; the full-service Exhale Spa; full-service salon; 24-hour, state-of-the-art fitness center; outdoor infinity pool with whirlpool and cabanas; and more than 14,000 square feet of meeting space.

Austin Brooks

A Situated on 2.749 acres at 5300 East Mockingbird Lane, The Highland Dallas Curio is at a high-profile location at the intersection of Mockingbird Lane and Central Expressway (US-75) surrounded by some of Dallas’ most prestigious neighborhoods.

The hotel is within walking distance of Southern Methodist University (SMU) and the Mockingbird Station mixed-use, transit-oriented development.

Additionally, the hotel is proximate to the Knox Henderson, Lower Greenville and Uptown entertainment districts.

The HFF investment advisory team representing the seller included managing director John Bourret and director Austin Brooks.

Pete Fehlman

The HFF debt placement team representing the new owner consisted of senior director Pete Fehlman.

Holliday GP Corp. ("HFF") is a Texas licensed real estate broker.

Lennox Capital Partners is a private lodging investment and management firm seeking value-add opportunities.

The firm was established in 2016 by Jeff Barone and Pat Lowery, long time principals of the successful Maritz Wolff Hotel Equity Funds.

Successful lodging investment takes opportunistic vision, strict acquisition criteria, active asset management, entrepreneurial spirit, perseverance and detailed execution qualities the principals of LCP have demonstrated for a combined 50+ years.