Waramaug Acquires 279-Key Embassy Suites by Hilton Dallas, Texas

USA, Boca Raton, Florida. August 29, 2019

Waramaug Hospitality, a private investment group focused on acquiring legacy branded assets throughout the United States, announced today the acquisition of the Embassy Suites by Hilton Dallas Park Central Area located in Dallas, Texas.

The 279-suite hotel features spacious two-room suites with separate living and sleeping areas, free Wi-Fi, fitness and business center, indoor pool along with complimentary breakfast and nightly manager's receptions. With approximately 7,800 square feet of flexible meeting space, the property is perfectly positioned to host corporate and social events. Its 4,300 Metroplex Ballroom can accommodate up to 400 guests.

"The Embassy Suites Dallas Park Central is well-positioned in the market near numerous business, retail, medical, and educational demand generators," said Craig Nussbaum, Senior Vice President, Waramaug Hospitality. "An extensive renovation of the hotel coupled with new management will allow us to achieve upside in operating performance."

The Embassy Suites by Hilton Dallas Park Central is located in the heart of Northern Dallas in close proximity to the Galleria, known as the premier retail destination of the Southwest, as well as the global headquarters for Texas Instruments, Raytheon, Blue Cross Blue Shield, Interstate Batteries, Dallas Medical City Hospitality and the University of Texas at Dallas.

Waramaug is planning a comprehensive renovation of the property to bring it up to current Embassy brand standards, including guest rooms, and a refresh of all public spaces. Interstate Hotels & Resorts will manage the property.

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Hotel Law: A Labor Crisis and Cyber Security

According to a recent study, the hospitality industry accounted for 2.9 trillion dollars in sales and in the U.S. alone, was responsible for 1 in 9 jobs. In an industry of that scope and dimension, legal issues touch every aspect of a hotel's operation, and legal services are required in order to conform to all prevailing laws and regulations. Though not all hotels face the same issues, there are some industry-wide subjects that are of concern more broadly. One of those matters is the issue of immigration and how it affects the ability of hotels to recruit qualified employees. The hotel industry is currently facing a labor crisis; the U.S. Labor Department estimates that there are 600,000 unfilled jobs in the industry. Part of the problem contributing to this labor shortage is the lack of H2B visas for low-skilled workers, combined with the difficulty in obtaining J-1 visas for temporary workers. Because comprehensive immigration reform is not being addressed politically, hotel managers expect things are going to get worse before they get better. Corporate cyber security is another major legal issue the industry must address. Hotels are under enormous pressure in this area given the large volume of customer financial transactions they handle daily. Recently, a federal court ruled that the Federal Trade Commission had the power to regulate corporate cyber security, so it is incumbent on hotels to establish data security programs in order to prevent data breaches. The lack of such programs could cause hotels to face legal threats from government agencies, class action lawsuits, and damage to their brand image if a data breach should occur. These are just two of the critical issues that the December issue of Hotel Business Review will examine in the area of hotel law.