Columbia Sussex Acquisition of Sheraton Dallas Hotel

Deal value: $180,000,000

Columbia Sussex acquired the Sheraton Dallas Hotel, a 1,840-room full-service conference hotel in downtown Dallas, TX, with plans for capital improvements and operational repositioning.

Columbia Sussex’s acquisition of the Sheraton Dallas Hotel is driven by the opportunity to reposition a large, full-service conference hotel in a major urban market. The investment thesis centers on capitalizing on Dallas’s long-term convention and hospitality demand, leveraging planned capital improvements to enhance asset value and operational performance. The timing reflects a belief in post-pandemic recovery for group and leisure travel, and a strategic bet on the city’s future as a convention hub despite near-term headwinds from convention center redevelopment.