Kimpton Entering Texas Market
DALLAS, TX, March 21, 2006. Kimpton Hotels & Restaurants Group, LLC is planning to open the Hotel Palomar Dallas, a nine-story hotel and 10-story condominium tower here. It will be Kimpton's first foray into the Lonestar State. Situated in the Park Cities neighborhood, the property previously operated as The Mockingbird Hilton. It is owned by Realty America Group and Behringer Harvard. Kimpton Hotels has been selected to manage and operate the hotel and restaurant.
Following a $90-million transformation that's slated for completion in August 2006, the Hotel Palomar & Residences will be a mixed-use complex with 185 guestrooms, a full-service spa and a restaurant.
Development plans also include a new 10-story condominium tower south of the hotel with 70 high-end residential units, luxury penthouse condominiums atop the hotel tower, contemporary loft-style condominiums facing Mockingbird Lane and more than 25,000 sf of ground retail space.
Kimpton also has recently announced additional Hotel Palomars in Arlington, VA; Washington; and Westwood, CA.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
