Affiliates of Paceline Equity Partners, LLC, a U.S. private equity manager based in Dallas, have successfully acquired the Renaissance Dallas at Plano Legacy West Hotel. This upscale hotel, located in the Legacy West development of Dallas, Texas, is one of Marriott's flagship properties under the Renaissance brand. The acquisition marks Paceline's first strategic partnership with ESR Group, one of the largest real estate managers in Asia with over $140 billion in assets under management. The Renaissance Dallas at Plano Legacy West, boasting 304 keys, was developed in 2017 as part of the Legacy West mixed-use development, a massive $2 billion project featuring luxury retail, upscale apartments, numerous restaurants, and Class A office buildings along a four-block strip.
Notably, the retail segment is anchored by renowned brands like Louis Vuitton, Gucci, Tiffany & Co., and Lululemon. The hotel's prime location, merely 1.5 miles from several regional corporate headquarters such as J.P. Morgan, Toyota, and Dr. Pepper / Snapple, makes it an attractive choice for both leisure and business travelers. Its offerings include a rooftop pool and bar, a dedicated garage with four hundred seventy-four parking spaces, and a spacious 35,000 square feet of meeting space.