Downtown Dallas’ historic Statler Hotel may be changing hands soon.
Originally opened in 1956, the mid-century landmark building on Commerce Street got a $230 million redo that created 159 hotel rooms, 219 apartments and 92,000 square feet of retail space. After sitting empty for more than a decade, the building reopened in 2017.
Commercial property firm CBRE Group is now marketing the grand hotel to potential buyers.
Brian Nordahl, who early this year joined CBRE Hotels to head sales in Texas and the South Central U.S., said in a message to potential buyers that offers on the property are due Aug. 10. Interested buyers have recently been touring the hotel.
The Statler Hotel won awards for the redo and has been recognized as one of the most successful historic preservations in downtown Dallas.
Owner and developer Centurion American Development Group also renovated the adjacent former Dallas Public Library building into offices for The Dallas Morning News. It also constructed a parking garage and has plans for an apartment building on an adjacent block.
Centurion American — which is developing homesites for thousands of new houses in several suburban Dallas residential communities — also recently put two other historic properties up for sale. It has been in talks to sell the historic Cabana Hotel property on Stemmons Freeway to a builder who would convert it to affordable apartments. It’s also asking for offers on the historic Braniff International Airways building it owns on the Dallas North Tollway north of downtown.
The developer had planned to renovate both of those properties but didn’t move forward with plans. Davidson & Bogel Real Estate is marketing the Cabana and Braniff properties.
