A popular Uptown Dallas hotel could soon be changing hands.
The 167-room Hotel ZaZa off McKinney Avenue near The Crescent opened in 2002 and is known for its elaborately designed rooms and themed suites.
The Dallas property along with ZaZa hotels in Houston and Austin have recently been offered for sale. Eastdil Secured has been marketing the portfolio of Texas hotels to investors.
The package of 641 rooms in the state’s top metro areas are expected to fetch more than $300 million, according to estimates by newsletter Real Estate Alert.
Developer Charles Givens created the ZaZa concept and now hopes to sell the properties.
Several Dallas-area hotels have sold as lodging property performance has bounced back from the pandemic.
Dallas’ landmark Mansion on Turtle Creek hotel was acquired by HN Capital Partners, which plans upgrades to the 142-room property. HN Capital Partners also just took control of the Virgin Hotel in Dallas’ Design District.
The former Four Seasons Resort and Hotel Dallas in Las Colinas sold last year and is being converted to a Ritz Carlton resort as part of a $55 million makeover.
In June, the 1,000-room JW Marriott San Antonio Hill Country Resort and Spa sold for an eye-popping $800 million to Ryman Hospitality Properties, which also owns the Gaylord Texan hotel in Grapevine.
Dallas-Fort Worth is one of the country’s fastest growing hotel markets with more than 30,000 rooms in the development pipeline.