Affiliates of Paceline Equity Partners announced that they have acquired the Renaissance Dallas at Plano Legacy West Hotel, a full-service, upscale hotel located in the Legacy West development in Dallas. The new vintage property is one of Marriott’s flagship hotels within the Renaissance brand. The acquisition will be Paceline’s first strategic partnership with ESR Group, one of the largest real estate managers in Asia, with more than $140 billion in assets under management.
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. Legacy West has become a premier shopping destination in the North Dallas MSA, as the retail is anchored by Louis Vuitton, Gucci, Tiffany & Co. and Lululemon. The property is located within 1.5 miles of
