Dallas-based Crow Holdings and Hilton announced a $100 million renovation and new long-term management agreement for the Hilton Anatole, one of the region’s largest hotels.
The $100 million will go towards the hotel’s Atrium Tower guest rooms, meeting spaces, common areas and other amenities. The renovations are set to take place through 2028, according to a news release.
The Dallas hotel recently saw updates to 718 guest rooms — a more than $30 million renovation unveiled earlier last year. The next phase of work will include renovations to 899 guest rooms in the atrium, updates to 600,000 square feet of meeting and event space, enhanced dining options and other capital expenditures.
The Anatole underwent a major $125 million overhaul in 2010.
“Hilton Anatole has been a fixture of Dallas for decades, and we are honored to continue its legacy of welcoming guests from around the world,” Ian Dilley, chief financial officer of Crow Holdings, said in a statement. “The Anatole has long served as a gathering place for connection, collaboration, and celebration. This next chapter will ensure the hotel remains a defining destination for Dallas for generations to come.”
D-FW Real Estate News
Families arrive for late afternoon fun at JadeWaters, the water park and lazy river at the Hilton Anatole Hotel in Dallas, photographed on Friday, May 26, 2017. (Louis DeLuca/The Dallas Morning News)
Louis DeLuca / Staff Photographer
The agreement builds on a decadeslong relationship between Crow Holdings and Hilton. The roughly 50-acre hotel property at 2201 N. Stemmons Freeway is owned by Crow Holdings and managed by Hilton.
Originally developed by Trammell Crow, the hotel was North Texas’ largest when it opened with 900 rooms in 1979.
The Hilton Anatole now has 1,610 rooms, two grand atriums, Asian art and sculptures from the Crow family collection, nine restaurants and bars, and the JadeWaters water park. The hotel has hosted presidents, dignitaries and millions of guests.
Dallas-Fort Worth is one of the largest hotel markets in the country. At the end of March, Dallas had the nation’s largest hotel construction pipeline with 203 projects that would add nearly 24,500 new rooms, according to a report by Lodging Econometrics.