AJ Capital Partners Acquires The Lumen Hotel in Dallas, Texas
Adventurous Journeys (AJ) Capital Partners announced today that it has acquired the Lumen Hotel in Dallas, Texas. The hotel will continue to operate independently as the Lumen Hotel while undergoing renovations. Once complete in spring 2020, the property will debut as Graduate Dallas, part of the Graduate Hotels® collection. Following the renovation, the hotel will offer 95 guestrooms, a communal lobby, Poindexter coffee shop, a reimagined restaurant and bar, rooftop lounge and upgraded pool courtyard. Originally constructed in 1963, the four-story building has long served Southern Methodist University and the neighborhoods of University Park and Highland Park.
Prominently perched along Hillcrest Avenue and directly across from SMU's campus, Graduate Dallas will be ideally situated in the heart of the posh Park Cities enclave near desirable dining, shopping and entertainment. Hotel guests will enjoy proximity to G.W. Bush Presidential Library and Museum, Dallas Love Field airport, downtown Dallas and Baylor University Medical Center.
Created for travelers who seek memory-making journeys, Graduate Hotels is a thoughtfully crafted collection of hotels that reside in the most dynamic university-anchored cities across the country. Each property celebrates and commemorates the optimistic energy of its community while offering an extended retreat to places that often play host to the best days of our lives. There are currently 14 Graduate Hotels open and operating across the U.S. and an additional 16 properties under development and slated to open by the end of 2020.
"We are thrilled to announce the acquisition of the Lumen Hotel," says Tim Ryan, Senior Vice President of Acquisitions. "This storied property is uniquely positioned to serve the SMU campus community, Park Cities and greater Dallas for generations to come. We look forward to introducing Graduate Dallas in spring 2020."
The hotel will undergo a comprehensive renovation that will touch all guestrooms, common areas, meeting and event spaces and the lobby.