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NewcrestImage acquires NYLO in Dallas

It plans to renovate and rebrand it within the Tapestry Collection

NewcrestImage Acquire NYLO Dallas Plano Hotel; Dallas, Texas

NewcrestImage recently acquired the 176-key, five-story NYLO Dallas Plano in Dallas.

Vishnu Rageev R.
By Vishnu Rageev R.Aug 20, 2025
Vishnu Rageev R.

Vishnu Rageev R is a journalist with more than 15 years of experience in business journalism. Before joining Asian Media Group in 2022, he worked with BW Businessworld, IMAGES Group, exchange4media Group, DC Books, and Dhanam Publications in India. His coverage includes industry analysis, market trends and corporate developments, focusing on retail, real estate and hospitality. As a senior journalist with Asian Hospitality, he covers the U.S. hospitality industry. He is from Kerala, a state in South India.

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Summary:

  • NewcrestImage acquired the 176-key, five-story NYLO Dallas Plano in Dallas.
  • The boutique property is in the 2,600-acre Legacy District business park.
  • It will be renovated and rebranded under Hilton’s Tapestry Collection.

NEWCRESTIMAGE RECENTLY ACQUIRED the 176-key, five-story NYLO Dallas Plano in Dallas. The company plans to renovate and rebrand it within the Tapestry Collection.

The boutique property in the 2,600-acre Legacy District business park includes indoor and outdoor event venues, including a 4,000-square feet patio around a heated pool.

This follows its 2024 purchase of NYLO Providence Warwick in Rhode Island, rebranded as The Loom Hotel, NewcrestImage, led by CEO and Managing Partner Mehul Patel, said in a statement.

"This hotel presents a significant new profit opportunity for us and complements our existing holdings," said Patel. "We previously owned five hotels in the Frisco/Plano market, so we are familiar with the area’s metrics for both short- and long-term returns."

In December, NewcrestImage opened the Homewood Suites Parsippany in New Jersey, which it acquired as a 150-unit, five-story building in June 2022 and renovated. Since 2013, the company has completed more than $3 billion in hotel transactions across nearly 300 hotels and 32,000 rooms.

The company owns more than 45 hotels nationwide.

hilton tapestry collectionnylo dallas planodallasnewcrestimage

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