Dallas Fort Worth International Airport has acquired the 811-room Hyatt Regency near Terminal C for approximately $194 million, expanding its publicly owned hotel portfolio as the airport undertakes a multibillion-dollar construction program.
Airport officials announced Wednesday that the Public Facility Improvement Corporation (PFIC) completed the purchase October 30. Hyatt will continue managing the property under its existing agreement, and DFW plans to renovate the hotel.
“For decades, Hyatt Regency DFW has welcomed travelers, connected businesses and brought communities together,” said Chris McLaughlin, DFW’s Chief Executive Officer, in the November 11 press release. “This acquisition aligns an iconic airport asset with DFW’s long-term vision for growth, customer experience and infrastructure investment. Alongside our broader hospitality initiatives, it strengthens our competitive position, expands services for travelers, supports regional economic growth and creates lasting value for our customers, partners and our owner cities.”
Dallas City Council records provide a closer look at the deal, including a $193.65 million purchase-price ceiling and a proposed lease amendment that would tie additional rent to debt service.
How The Purchase Works
The PFIC board approved the transaction July 29, and the DFW Airport Board followed August 6.
Dallas City Council approved the purchase September 9. Airport officials say DFW obtained the required approvals from both owner cities, Dallas and Fort Worth.
The council agenda identifies Woodlake HRDFW Hotel Owner, LLC, as the former hotel lessee and proposed seller. The transaction called for PFIC to assume the hotel lease and management agreement and acquire furnishings, equipment, and inventory. The lease dates to October 23, 1986, and could have up to 59 years remaining if the lessee exercises all available options.
Dallas and Fort Worth jointly own the airport property, but the transaction transfers the private tenant’s leasehold interest to the airport’s Public Facility Improvement Corporation. The cities’ resolution designates the hotel a public facility and an approved airport project, allowing the corporation to finance, develop, equip, and operate the property on behalf of the airport board. The cities also approved the corporation’s assumption of the existing Hyatt management agreement.
The council agenda lists no cost consideration to the City of Dallas. It also describes a proposed lease amendment that would require additional rent payments to the airport board equal to debt service on the purchase or future renovations. The city record does not identify a direct municipal expenditure for the acquisition.
A Growing Airport Hotel Portfolio
The acquisition brings all four airport hotel properties into the PFIC portfolio, including the Hyatt House that crews are building.
DFW expects the extended-stay hotel to open in summer 2027. The Grand Hyatt underwent a $34 million renovation during fiscal year 2026, and Hyatt Place opened in 2016. The Regency offers about 92,000 square feet of meeting and event space.
The acquisition comes as DFW advances its $12 billion capital program.
On November 3, the airport confirmed crews had installed all six sections of the future Terminal F Skylink station, as The Dallas Express previously documented.
DFW plans to renovate the Regency, but its announcement does not specify the renovation budget or completion date. The airport also did not disclose final financing terms in the release. Those details, along with future hotel operating results, will help determine the financial return on the acquisition.
