Foreclosed Dallas Hotel Gets New Owner

by Deidre Woollard (RSS feed)
Jun 8th 2010 at 11:45AM

The Le Meridien Dallas North Hotel has a new owner. The Dallas Morning News reports that HEI Hotels & Resorts of Connecticut bought the hotel last week at a foreclosure auction. The luxury hotel has remained open during the transition. It was listed for foreclosure for several months. The former owner APHM-ND LP of California defaulted on original $32 million loan. The new owners bid $17 million for the property.

The 258-room hotel has been designed with a chic and contemporary decor. Each room has a 42" HDTV, iPod docking station and Jack Pack, providing you the ability to view your laptop screen from your 42" TV. All rooms feature wireless and hardwire internet access and laptop-sized safes with electricity. The Le Méridien signature beds are outfitted with Frette sheets and rooms offer full size sofas and sitting areas. The hotel has a 24-hour business center, fitness center, indoor heated swimming pool/whirlpool, fine dining restaurant, atrium bar and concierge services.

HEI Hotels & Resorts of Connecticut has picked up a total of four hotels in 2010 and owns a large portfolio of properties managed by Marriott, Sheraton, Westin, Le Meridien, Embassy Suites and Hilton.

Tags: dallas, foreclosure, hei hotels, hotel foreclosure, hotel foreclosures, hotels, le meridien