Omninet Converting Dallas Hotel Units to Apartments

Omninet Capital is repurposing the Sonesta Suites hotel in North Dallas into an apartment community. To be called Omni Vision Dallas, the 10-story, 40-year-old complex will be ready for move-ins in 2025. Omninet is spending over $5 million to revamp 295 rooms. The renovations will include the installation of kitchens in each room and the addition of first-floor amenities. Indiana-based architect LA+D is designing the project.

The move is not an uncommon one in N. Dallas. The city of Richardson, for example, recently green-lit the conversion of a former Hyatt House hotel into a rental community. The Cabana Hotel on Stemmons Freeway is undergoing a similar facelift, with its developers receiving up to $41 million in economic development incentives from the Dallas City Council. This year, Dallas developers will create over 3,000 residential spaces from what were once hotel rooms.

Omninet boasts a portfolio of more than 10 million square feet of commercial space and approximately 13,000 apartments.

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