Wednesday, February 13, 2008

Fort Worth’s Doral Tesoro Hotel & Golf Club purchased by Connecticut company

By Pegasus News wire

FORT WORTH — HEI Hotels & Resorts, a Connecticut-based hotel ownership and operating company, today announced that it has acquired the 286-room Doral Tesoro Hotel & Golf Club in Forth Worth, Texas, from New York-based True North Management Group for an undisclosed amount. The hotel will be rebranded to the Dallas/Ft. Worth Marriott Hotel & Golf Club at Alliance Park on approximately February 18th.

Photo not provided by HEI Hotels

The hotel will undergo some cosmetic renovations designed for increased customer comfort

As part of the rebranding, the hotel will undergo an extensive $7 million renovation that will include all guestrooms, bathrooms, corridors, lobby and public space, pool area, and business center. The renovation, expected to be completed in March 2009, will be done in phases to ensure minimal guest disruption and will also include a completely new fitness center and concierge lounge.

"This nationally recognized property is the latest addition to our growing portfolio of irreplaceable assets, and will become our 9th full-service Marriott under management," said Steve Mendell, HEI's executive vice president -- acquisitions and development. "We will continue to focus on expanding our asset base with premier resorts and upper upscale properties. This segment of our industry is thriving. Coupled with our design, construction and operating expertise, we will significantly improve the guest experience and drive bottom line performance."

The hotel is located at 3300 Championship Parkway, within minutes of the Texas Motor Speedway, Circle R Ranch, Fort Worth Convention Center, Alliance Airport, Grapevine Mills Mall, and Dallas/Fort Worth International Airport, and only a short drive to downtown Fort Worth.

Source: HEI Hotels & Resorts

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