The landmark Rosewood Mansion on Turtle Creek hotel has a new owner.
The posh Dallas hotel opened in 1981 and for decades has been one of the area’s top spots for celebrity stays.
The 142-room, nine-story luxury hotel and adjoining restaurant have been purchased by Dallas-based investor HN Capital Partners.
Since 2011, the iconic property has been owned by a Hong Kong investor.
The new owners plan to continue operating the Mansion on Turtle Creek with Rosewood Hotels & Resorts.
“This magnificent estate offered HN Capital a unique opportunity to further invest in the Dallas community, and we’re excited to continue to forge even stronger bonds with local partners as we begin work on enhancing what this iconic hospitality destination has to offer,” Vipin Nambiar, founder of HN Capital Partners, said in a statement. “Our goal is to respect the hotel’s history and work closely with the Rosewood team to further expand the luxury offerings and imagine new services that ensure that the Rosewood Mansion on Turtle Creek remains the most beloved hotel for the Dallas community and travelers alike.
“Our aspiration always remains the same: to use our training as architects, planners, finance, and legal professionals with the guiding principle of leaving something better than we found it.” Before it became a hotel and restaurant, the Rosewood Mansion on Turtle Creek was the business headquarters for Dallas oilman and developer Toddie Lee Wynne Sr. It was built as a home for Dallas cotton baron Sheppard King. 5.0.2 KSL Capital Partners and Interbank provided funding for the purchase. Terms of the transaction were not disclosed.
The Mansion on Turtle Creek owes its existence to the late Dallas businesswoman and oil heiress Caroline Rose Hunt.
In the late 1970s she acquired the derelict mansion on the site that was built in the 1920s by a Dallas cotton tycoon. The Italian Renaissance-style house overlooking Turtle Creek was facing demolition Hunt purchased it for the centerpiece of the planned hotel project.
Her Rosewood Corp. originally partnered with New York’s fabled 21 Club to operate the restaurant, which quickly became a favorite hangout for Dallas’ elite and visitors from around the world.
The Mansion hotel got a refresh in 2020, just in time for its 40th anniversary.
“Deeply rooted in Dallas’ landscape and history, Rosewood Mansion on Turtle Creek prides itself on being a pillar of its community, providing the best experience possible for visitors, guests, and associates,” Radha Arora, president, Rosewood Hotels & Resorts, said in a statement. “The Rosewood brand is thrilled to work with HN Capital Partners to continue this legacy.”
New owner HN Capital Partners is a private real estate investment firm.Its local holdings include the W Hotel in Victory Park and multiple properties in the Dallas Design District. HN Capital was involved in the planning and development of the Dallas Virgin Hotel in the design district.HN Capital also has control of a prime Turtle Creek development site that was previously planned for a Mandrian Oriental Hotel.
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