Thayer buys Dallas Palomar, rebrands it, to join Hilton's Curio

The Hotel Palomar in Dallas has new ownership and a new name. The nine-story, 198-room hotel has been acquired by Thayer Lodging Trust for an unspecified amount, and been renamed The Highland Dallas Hotel. It will be affiliated with Hilton, and reportedly will be part of its new Curio collection.

Interstate Hotels & Resorts, Thayer's management arm, will manage the hotel. It will replace Kimpton Hotels, which had run the hotel since 2006.

"The new owners saw this as a great opportunity to get into the D-FW market," Fred DeSota, SVP of sales for Interstate Hotels & Resorts, told The Dallas Morning News. "It’s a beautiful property."

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DeSota added that the Thayer purchase includes only the hotel building. The Palomar name on the residences will go away.

Thayer is reportedly planning to make some improvements this year, but bigger upgrades will come next year when both the guestrooms and corridors will get a makeover.

The property, once called the Hotel Santa Fe, has changed hands several times over the years. In 2004, Realty America Group and Behringer Harvard Funds bought the property.

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