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Stonebridge adds Statler Dallas to managed portfolio

It is owned by Centurion American Development Group

Stonebridge hotel management expansion

Stonebridge Cos. has contracted to manage the Statler Dallas, Curio Collection by Hilton in Dallas.

Photo credit: Stonebridge Cos.

Summary:

  • Stonebridge Cos. added the Statler Dallas, Curio Collection by Hilton, to its managed portfolio.
  • The hotel, opened in 1956 and relaunched in 2017, is owned by Centurion American Development Group.
  • The property is near Main Street Garden Park, the Arts District and the Dallas World Aquarium.

STONEBRIDGE COS. HAS contracted to manage the Statler Dallas, Curio Collection by Hilton in Dallas to its managed portfolio. The hotel, opened in 1956 and relaunched in 2017, is owned by Centurion American Development Group, led by Mehrdad Moayedi.


It has an outdoor pool and more than 26,000 square feet of meeting space, Stonebridge said in a statement. The downtown Dallas property is near Main Street Garden Park, the Arts District, the Kay Bailey Hutchison Convention Center, Deep Ellum, Klyde Warren Park, and the Dallas World Aquarium.

“The Statler is an extraordinary asset with a storied history in Dallas, and we are thrilled to welcome it to our managed portfolio,” said Rob Smith, Stonebridge’s president and CEO. “Its blend of modern hospitality with timeless character makes it a natural fit within our lifestyle collection. We look forward to honoring the property’s legacy while enhancing performance and delivering an elevated guest experience.”

Stonebridge, based in Denver, is a privately held hotel management company founded by Chairman Navin Dimond and led by Smith. The company recently added the 244-room Marriott Saddle Brook in Saddle Brook, New Jersey, to its full-service portfolio.

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Kali Nets $195M Financing for Inglewood, CA Hotel Project
Photo credit: The KPC Group

Kali nets $195M for Inglewood, CA, hotel

Summary:

  • Kali secured $195M in financing for its Hollywood Park hotel in Inglewood, CA.
  • The $450M project is developed by Dr. Kali Chaudhuri, founder and chairman of KPC Group.
  • It is the only lodging project approved within the 300-acre SoFi Stadium development.

KPC DEVELOPMENT SECURED $195 million in financing for the 13-story, 300-key Kali Hotel and Rooftop next to SoFi Stadium in the Inglewood neighborhood of Los Angeles. Bank of America provided the loan, arranged by CommLoan.

KPC Hollywood Park Hotel, an Autograph Collection property under construction at billionaire Stan Kroenke’s Hollywood Park development, is valued at $450 million, according to the Commercial Observer. It is the only lodging project approved within the 300-acre SoFi Stadium development.

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