Napali Capital
Knighthead Funding Provides $19 Million Loan for Full-Service Hotel in Dallas, TX.
Knighthead Funding LLC | September 27, 2021
Greenwich, CT — September 27, 2021 — Knighthead Funding LLC (“Knighthead”) has provided Napali Capital (the “Sponsor”) with a $19 million first mortgage loan for the acquisition of a 152-room full service hotel in Dallas, TX. The financing is secured by the Tru Hotel by Hilton, a full-service, 152-key property located at 1949 N. Stemmons Freeway in Dallas’ Design District. The property’s location makes it a desirable destination for both corporate and leisure travelers. It sits in close proximity to the Dallas Market Center, one of the world’s largest wholesale merchandise marts, as well as Trinity Groves, a 15-acre resta...
Napali Capital/Napali Hospitality Group Acquires Tru by Hilton Dallas Market Center
Napali Capital | July 27, 2021
ROANOKE, Texas - July 27, 2021 - Napali Capital, LLC, a leading Texas-based real estate investment company, today announced the acquisition of Tru by Hilton Dallas Market Center in Dallas, Texas. Originally constructed as a bank in 1965 (and operated as an office building prior to the renovation), the hotel opened in January 2021 as Tru by Hilton Dallas Market Center, following a comprehensive gut renovation which included a complete modernization of both the interior and exterior of the building. Today the hotel represents the newest upper-midscale lodging asset in the Dallas Central Business District/Market Center STR tract. Fea...
