New Dallas Investment Fund Buys Hilton Park Cities

A new Dallas-based investment fund that plans to acquire up to $250 million in properties has already made its first purchase. Woodbine Development Corp. has set up the company to purchase hotels in markets across the country. Called Woodbine Legacy Investments, it recently acquired the 224-room Hilton Dallas Park Cities hotel located near Northwest Highway and the Dallas North Tollway. The Dallas hotel is just the first of a series of acquisitions the new fund plans to make. “With this fund, we are leveraging the relationships that Woodbine has developed over 45 years and sourcing unique opportunities in high-barrier-to-entry markets where we feel confident about the long-term cash-flow potential,” Dupree… Read More

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