http://www.bizjournals.com/dallas/news/ ... tract.html
Instead of converting the 10-story, 357-room hotel at 899 N. Stemmons Freeway into a data center or retaining it as a possible county detention center, Dallas-based Circa Capital Corp. has put the mid-century modern hotel under contract and begun its due diligence to convert it back into a hotel.
"We have it under contract and we are doing our due diligence," Fred Aldridge III, president and CEO of Circa Capital, told the Dallas Business Journal."We are enthusiastic about where we are."
Aldridge would not detail out the real estate firm's plans for the hotel, which was originally built in the early 1960s. But his team has begun talking to a number of different hotel flags about the potential of converting the property back into a hotel.
And, he said, the firm could always convert into a boutique hotel without a typical hotel flag. If all goes well, Aldridge said the firm could buy the building by the end of the year.