The luxury Ritz-Carlton Hotel in Uptown Dallas is set to commence construction this month on a colossal $22 million renovation project.
The renovations will begin this month and are being spearheaded by Crescent Real Estate, the Fort Worth-based real estate investment firm that originally developed the luxury hotel, according to plans filed with the state.
The Ritz-Carlton in Dallas — Texas’ first and Dallas’ only five-star hotel — will get a top-down makeover consisting of various upgrades, replacements, and improvements designed to recapture the hotel’s opulent and lavish atmosphere.
“It is a total $22 million renovation, including the spa, which we just completed,” Crescent Chairman John Goff said. The current redesign features a full transformation of the hotel’s furniture and fixtures, showers and vanities, corridors and lobby, and much more, he explained.
Dallas’ Ritz-Carlton completed renovations on the 12,000-square-foot luxury spa in January 2022. The spa’s new multi-million dollar redesign “pulls inspiration from the rich and lushly manicured urban parks and gardens woven throughout the heart of Dallas,” Ritz-Carlton said in a 2022 news release.
The 218-room Regency-style building was first designed by Robert A. M. Stern Architects prior to the hotel’s grand opening in 2007. The last major hotel renovation was a $9 million overhaul completed in 2015, according to the DMN.
Houston-based Rottet Studio was chosen as the lead architecture and design firm tasked with overseeing the Ritz-Carlton’s upcoming 2023 renovations.
The surge of private equity continues to make its way to North Texas, despite the national slowdown in new multi-family real estate developments.
At the end of 2022, more than 20,000 hotel rooms were actively under development across Dallas-Fort Worth, according to a recent report by Lodging Econometrics.
For example, the Four Seasons Golf & Sports Club in Las Colinas was recently purchased by Dallas-based Century Golf Partners, a local investment management firm with plans to rebrand the former Four Seasons into a luxury Ritz-Carlton.
