NexPoint to open InterContinental hotel in Dallas in 2022

NexPoint acquired the 42-story Cityplace Tower in August 2018. Photo credit: Matt McElligott/Matt McElligott Photography

NexPoint introduced plans this week to open an InterContinental Hotels & Resorts-branded property in Dallas within the 42-story Cityplace Tower, which it acquired in August 2018. The 223-key hotel, slated to open in early 2022, will occupy eight of the building’s floors.

The hotel will feature a restaurant with a fourth-floor terrace, a full bar and a lounge. Amenities will include an outdoor pool, a fitness center, a business center and onsite parking.

The announcement marks the beginning of NexPoint’s redevelopment plans for the office building and the surrounding acreage. Other plans include expanding the surface parking lot, enhancing the shared spaces and amenities for tenants, renovating the lobby, introducing concourse-level food and retail offerings and constructing a new fitness center.

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


NexPoint is an alternative investment platform and affiliate of the Dallas-based asset management firm Highland Capital Management. NexBank Realty Advisors, another affiliate of Highland, manages the Cityplace Tower and will oversee its renovations. IHG will operate the hotel itself.

IHG franchises, leases, manages or owns more than 5,700 hotels and nearly 856,000 guestrooms in more than 100 countries. It has more than 1,900 hotels in its development pipeline.

Suggested Articles

While profits remained positive for the second consecutive month, the rate of growth slowed from July.

Sahin, director of supply management, EMEA at Hilton, talked about new trends he is seeing in the industry. 

While it may require some work to properly transition a property to appeal to the daily business “traveler,” the advantages are clear.