Home News Dallas’ landmark Mansion on Turtle Creek hotel has sold

Dallas’ landmark Mansion on Turtle Creek hotel has sold

by admin
0 comment

The landmark Rosewood Mansion on Turtle Creek Hotel has new owners.

The 142-room nine-story luxury hotel and adjacent restaurant was purchased by Dallas-based investor HN Capital Partners.

The gorgeous Dallas hotel opened in 1981 and has been one of the area’s top celebrity stays for decades. Since 2011, the iconic property has been owned by a Hong Kong investor. The new owners will continue to operate the Turtle Creek condominiums with Rosewood Hotels & Resorts.

“This spectacular property has provided HN Capital with a unique opportunity to further invest in the Dallas community. We are excited to continue building even stronger ties,” said Nambiar, founder of HN Capital Partners, in a statement. “Our goal is to honor the hotel’s history, work closely with the Rosewood team to further expand our luxury offerings, and ensure that Turtle’s Rosewood Creek, his condominium is a destination for the Dallas community and travelers alike. Imagine a new service that will ensure that it remains the most loved hotel for both.

“Our aspiration has always been the same: to use our training as architects, planners, financial and legal professionals with the guiding principle of leaving something better than what we found.”

Before becoming a hotel and restaurant, the Rosewood Mansion on Turtle Creek was the business headquarters of Dallas oilman and developer Toddy Lee Wynn Sr. Built as the home of Shepherd King, the Cotton Baron of Dallas.(DMN file / Provided by Rosewood Hotels)

KSL Capital Partners and Interbank provided financing for the acquisition. Terms of the transaction were not disclosed.

Nambiar said Thursday that his company is planning to upgrade a prestigious Dallas hotel.

“I think it’s a great canvas for doing something special,” he said. “Rooms are well maintained.

“You will see us working with Rosewood to rethink in terms of additional food, beverage and wellness amenities.”

He said the new owners want to preserve the mansion’s history while enhancing the mansion’s appeal.

“It’s important to me to make sure that this property is used for the next 20 years so that it can maintain its status as one of the best places in Dallas,” said Nambiar. “We will definitely realize the transition as a next-generation luxury hotel.

“Our sole focus is to preserve that story deeply and make it more recognizable to Gen Z and millennials.”

The Mansion on Turtle Creek exists thanks to the late Dallas businessman and oil heiress Caroline Rose Hunt. In the late 1970s, she acquired the site of a derelict mansion built in her 1920s by the Cotton Kings of Dallas. An Italian Renaissance-style house overlooking Turtle Creek was on the brink of demolition when Hunt purchased the planned hotel as the centerpiece of her project.

Her Rosewood Corp. initially operated restaurants in partnership with New York’s legendary 21 Club. The restaurant quickly became a favorite hangout for the Dallas elite and visitors from all over the world.

The Mansion Hotel has been completely renovated in 2020, just in time for its 40th anniversary.

“Rosewood Mansion on Turtle Creek, deeply rooted in the landscape and history of Dallas, provides visitors, guests and employees with the best experience possible and prides itself on being a pillar of the community,” said the statement. “The Rosewood brand is thrilled to continue this legacy by working with HN Capital Partners.”

The new owner, HN Capital Partners, is a privately held real estate investment firm. Its local holdings include W Hotels in Victory Park and multiple properties Dallas Design District. He was involved in the planning and development of the Dallas Virgin Hotel in the Design District.

HN Capital also manages the previously planned major Turtle Creek development site. Mandrian Oriental Hotel.

The real estate company just completed a redo of Los Angeles’ Hotel Per La, formerly known as NoMad LA.

Visitors to Dallas have loved The Mansion on Turtle Creek Hotel for 40 years.
Visitors to Dallas have loved The Mansion on Turtle Creek Hotel for 40 years.(Maychung Jau/Special Contributor)

You may also like