Paceline Equity Partners has acquired the Renaissance Dallas at Plano Legacy West Hotel, a full-service hotel located in the Legacy West development in Dallas, TX. The new property is one of Marriott’s flagship hotels within the Renaissance brand. Paceline is teaming up with ESR Group on the transaction.

The 304-key Renaissance Dallas at Plano Legacy West was developed in 2017 in conjunction with the completion of Legacy West. Legacy West is a +$2 billion mixed-use development that includes luxury retail, upscale apartments, numerous restaurants, and Class A office buildings along a four-block strip. The property is within 1.5 miles of numerous regional corporate headquarters including J.P. Morgan, Toyota, and Dr. Pepper / Snapple. The hotel’s rooftop pool bar, and 35,000 square feet of meeting space, cater to leisure and business travelers. 

Paceline’s Leigh Samson said the hotel is in a “can’t miss” community. “We also love the assumable, fixed-rate financing embedded in this transaction which allows us to hold debt in place at significantly better terms than those currently available in the market.”