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Texas  + Hospitality  | 

Virgin Hotel Dallas Underway with $63.5M PCCP Backing

PCCP provided a $63.5-million construction loan to Dunhill Partners for the development of the Virgin Hotel Dallas, a 16-story, 268-room upper-tier hotel located in the Design District of Dallas. The fully-entitled project commenced construction, with completion anticipated in late 2019. The financing was arranged by Dallas-based Hamilton Realty Finance.

“Dunhill Partners is an experienced developer and manager of assets throughout Texas, and we have full confidence that PCCP’s loan will enable them to execute another success story by adding an exciting new hospitality concept to the Design District,” said PCCP’s Ron Bonneau.

Situated on a 1.05-acre site at 1909 Hi Line Drive, the project will feature a full-service lobby restaurant, poolside bar on the amenity deck, and additional upscale amenities including the Commons Club. The property is anticipated to be the third Virgin flagged hotel in the United States, including one operating in Chicago, and another scheduled to open in San Francisco later this year.

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Development
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