Highline Hospitality Partners Acquires Hilton DFW Lakes Executive Conference Center in Grapevine, Texas

Highline Hospitality Partners (“HHP”), the hospitality investment platform launched by Highline Real Estate Partners, today announced the acquisition of the Hilton DFW Lakes Executive Conference Center. The transaction marks Highline’s 18th hotel acquisition and its second acquisition in the last month, after having acquired the Pittsburgh Marriott North in February.

Photo credits: Highline Hospitality Partners

Set on approximately 29 lakeside acres in Grapevine, TX, just north of the DFW International Airport, the 397-room hotel features approximately 72,000 square feet of indoor meeting space, a market-leading suite of amenities including 3 full-service restaurants (plus a coffee bar/snack shop), indoor and outdoor pools, hot tubs, 12 pickleball courts, 3 tennis courts, a basketball court, a sand volleyball court, jogging and walking trails, and access to a 5-acre private lake.

With this acquisition, Highline Hospitality now oversees a portfolio of 18 hotels comprising over 5,000 guestrooms and close to $1.5 billion in hospitality assets under management. In addition, the firm provides third-party asset management oversight for four additional hotels on behalf of an institutional ownership group, bringing the total number of properties overseen by Highline to 22.

Highline has engaged Avion Hospitality to manage the hotel, marking another strategic partnership between the two firms. Based in Plano, TX, Avion brings deep operational expertise and a strong track record in hospitality management, aligning with Highline’s strategy of driving operational excellence and long-term value creation.

"We are excited to add the Hilton DFW Lakes to our portfolio and to expand our relationship with Avion. This institutionally owned, high-quality asset is an attractive addition given its strategic location in the DFW submarket, the diverse and stable demand generators upon which it draws, and its product featuring a market-leading meeting space offering which differentiates the hotel relative to its competitive set. We believe the property is well-positioned to deliver durable cash flow and long-term value as we continue grow and diversify our hotel portfolio across the country.Chuck Pomerantz, Managing Partner of Highline Hospitality Partners".

Originally delivered in 1983, the hotel has been institutionally owned and well maintained, benefiting from meaningful capital investment in recent years. While the property is in strong physical condition and maintains a solid guest service reputation, Highline plans to pursue targeted renovations, primarily focused on meeting space, in the coming years to further enhance the hotel’s competitive positioning.