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Business & Finance

HALL Group and Crescent Hotels & Resorts Break Ground on HALL Arts Hotel in Dallas Arts District

DALLAS, TX. May 4, 2017 – Dallas-based HALL Group broke ground last week on the development of the $250 million boutique HALL Arts Hotel and adjacent HALL Arts Residences in the Dallas Arts District. Crescent Hotels & Resorts has been selected to manage the HALL Arts Hotel. Crescent, based in Fairfax, Virginia, is a nationally recognized elite operator of hotels and resorts throughout the United States and Canada.

“The HALL Arts Hotel will be the epitome of a luxury lifestyle and will live within Crescent’s lifestyle collection, Latitudes,” said Michael George, Crescent’s CEO. “Crescent’s award-winning operating experience in managing luxury independent lifestyle properties will help to maximize the experience at this fabulous hotel.”

Developed by HALL Group and designed by architect HKS Inc., and interior design firm Bentel & Bentel, the 183-key HALL Arts Hotel will be located in the center of the Dallas Arts District and adjacent to the exclusive HALL Arts Residences. The spacious hotel rooms will range from 400 square feet to more than 1,750 square feet for the four-bay suite. The hotel will also feature a rooftop pool and sun deck; an expansive, light-filled fitness studio; beautiful ballroom, meeting rooms, sculpture garden and Crescent Culinary-activated restaurant, bar & terrace.

“The design of the hotel will complement the iconic architecture of the surrounding arts venues,” said Craig Hall, chairman and founder of HALL Group. “We are prioritizing luxury, comfort and extraordinary service to create a one-of-a-kind experience for visitors and guests.”

HALL Arts Residences will be a 25-story glass tower with a collection of 44 luxury homes.

HALL Arts Hotel and Residences are expected to be complete in fall 2019.

About Crescent Hotels & Resorts

Crescent Hotels & Resorts is an award winning, nationally recognized, top-3 operator of hotels and resorts. Crescent currently operates over 90 hotels, resorts & conference centers in the US and Canada. Crescent is one of the few elite management companies approved to operate upper-upscale and luxury hotels under the brand families of Marriott, Hilton, Hyatt and IHG. Crescent also operates a collection of legendary independent lifestyle hotels and resorts. Crescent’s clients are made up of hotel REITs, private equity firms and major developers. For more information, please visit www.chrco.com.

About HALL Group

Founded in 1968, HALL Group is owned by founder and chairman Craig Hall and family. Diversified holdings include active operations in commercial real estate development, ownership and management; structured financial lending for real estate and other areas; vineyards and wineries; and venture capitalism. For more information, visit hallgroup.com.

Contact:
Crystal DeStefano
Crystal@stratcomllc.com
315-463-2325

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.