OTO Development has purchased its first property in Texas, expanding the geographic reach of the company’s portfolio. The South Carolina-based hotelier, part of The Johnson Group, acquired Hyatt House Dallas/Uptown last week. Other terms and conditions were not disclosed.
“We are excited about the opportunities in the Dallas-Fort Worth Metroplex,” said Rob Rain, CEO of OTO Development, pointing to the region’s diverse economy and dynamic growth. “We look forward to providing an exceptional guest experience in a refurbished hotel.”
Hyatt House Dallas/Uptown is a four-story, 141-key extended stay hotel in the Harwood District, which comprises premier office space, condominiums, restaurants and lodging. The walkable location is five minutes from the Katy Trail, an urban greenway and blocks to The Crescent Court and the American Airlines Center, home of the Dallas Mavericks and Dallas Stars. It’s convenient to the area’s growing number of corporate and regional headquarters, and a 30-minute drive from the Dallas-Fort Worth International Airport.
As the only extended stay property in Uptown Dallas, Hyatt House has upscale studio, one-bedroom and two-bedroom suites, each with a full kitchen, work area and living space. Amenities include an outdoor pool, a fitness room, a 24/7 business center and a grab-and-go H Market. Breakfast is complimentary, with dinner and drinks available at the onsite H Bar.
Upon purchase of Hyatt House Dallas/Uptown, OTO plans a refresh of guestrooms, shared spaces and outdoor leisure areas. In addition to its proven operations system, OTO will support the hotel with a corporate platform comprising technology, human resources, revenue management and marketing.