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Architect Robert A.M. Stern Will Design 21-Story Ritz-Carlton, Dallas; Proposed Design Will Evoke Landmark Hotels
Built in the 1920s

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CHEVY CHASE, Md. - May 6, 2004 -- The Ritz-Carlton Hotel Company, L.L.C. has announced plans to open its first luxury hotel in the state of Texas. The 216-room Ritz-Carlton, Dallas will open in 2007 in the city's prestigious Uptown area on McKinney Avenue. The Residences at The Ritz-Carlton, Dallas will be 70 private condominiums, atop the hotel. The owner of the project is Crescent Real Estate Equities Limited Partnership, and will be designed by the renowned architect, and Dean of The Yale School of Architecture, Robert A.M. Stern.

The Ritz-Carlton, Dallas will be situated on the first eight floors of the building, and will include one restaurant, 14,000 square feet of meeting space, including a 10,000 square foot ballroom, and a 12,000 square foot spa and fitness center, with indoor swimming pool. The condominiums are expected to range in price from $800,000 up to $6 million for the 6,700 square foot penthouse overlooking the city. Owners of the condos will be able to access all the services of the hotel, including housekeeping, catering, room service, and concierge.

Robert A.M. Stern's proposed design for The Ritz-Carlton, Dallas will evoke landmark hotels built in the 1920s in cities including New York and Chicago. Other design team members include Dallas-based architects HKS, Inc., Hayslip Design Associates, Inc. of Dallas, KM+P Architects of Houston and acclaimed interior designer Frank Nicholson. Based in Boston, Mr. Nicholson has designed many of the 57 Ritz-Carlton hotels and resorts around the world.

"We are delighted to add a location in Dallas, one of the most frequently visited cities for corporate business travelers and groups, as well as leisure guests. We believe there will be a strong market for The Ritz-Carlton as the city's economy continues its recovery and adds even more commercial business in the years ahead," said Simon Cooper, president and chief operating officer of The Ritz-Carlton Hotel Company. "The Uptown area is at the heart of Dallas' downtown commercial district and a very strategic location for this hotel."

"This project will be top of the market in Dallas," predicted Denny Alberts, president and chief operating officer of Crescent Real Estate Equities Company, based in Ft. Worth. "If you want to live in a luxury residence in Dallas, you will want to live in The Ritz-Carlton," said Alberts.

The Ritz-Carlton Hotel Company, L.L.C. currently operates 57 hotels in North America, Mexico and the Caribbean, Europe, The Middle East and Africa, Asia, and South America. 


 
Contact:
The Ritz-Carlton Hotel Company, LLC
Vivian Deuschl
703/941-6225
vivian.deuschl@ritzcarlton.com
Also See: Developer William L. Shaw Planning $6 million Hotel at Southern Illinois University; The Frank Lloyd Wright Foundation an Architect / February 2004
Parisian Architect Jean-Paul Viguier Credited for Sofitel Chicago Water Tower's Audacious, Almost-faultless Design / May 2002


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