Paceline Equity Partners has acquired the Renaissance Dallas at Plano Legacy West Hotel, a full-service hotel located in the Legacy West development in Dallas, TX. This property is one of Marriott’s flagship hotels within the Renaissance brand and Paceline is partnering with ESR Group on this transaction.
The 304-key hotel was developed in 2017 as part of a $2 billion mixed-use project that includes luxury retail outlets, upscale apartments, numerous restaurants and Class A office buildings along a four block strip. The property lies within 1.5 miles of several regional corporate headquarters such as J.P Morgan Chase & Co., Toyota Motor Corporation and Dr Pepper Snapple Group Incorporated making it an ideal destination for both leisure and business travelers alike with its rooftop pool bar and 35000 square feet meeting space area .
Leigh Samson from Paceline commented “We are excited to be partaking in this ‘can’t miss’ community investment opportunity while also taking advantage of assumable fixed rate financing allowing us to hold debt at significantly better terms than those currently available”
This acquisition marks another success story for Paceline Equity Partners who have now solidified their presence among some major names across Texas real estate market
