Wednesday, March 2, 2011
Statler Hilton will get facelift after 10-year vacancy
It was once a state-of-the-art hotel in Dallas, but its heyday had come and gone.
DOWNTOWN DALLAS The Statler Hilton Hotel in Dallas has been vacant for more than a decade and has been an "albatross" to that part of downtown, said John Crawford, CEO of Downtown Dallas. When the hotel was first built, pictured here in 1956, it was state-of-the-art.
The city of Dallas announced today that the hotel was bought recently by Ricchi Investments, a San Antonio development group that is currently developing the LTV building at 1600 Pacific Avenue in Dallas. Ricchi Investments will restore the building and develop the Dallas Central Library, which sits next door. The hotel was listed as one of the 11 Most Endangered List of Historic Properties by the National Trust for Historic Preservation and has escaped the wrath of the wrecking ball in the past.
Its former owner was Hamsher International. Representative Chris Hoong said in a statement that he's "delighted" to have Ricchi Investments on the project. "I am sure we will all be proud to see this building regain its glory again when all the work is completed," he said in a statement.
The city sends this information:
Source: City of Dallas
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