A group of new investors has joined with the developers of the Hilton Dallas/Rockwall Lakefront Hotel to acquire the property.
The Redstone Cos and BBA Capital LLC said Tuesday that their affiliates have formed a partnership with Sara, Rob and Mike Whittle to buy the hotel, which opened in 2008 on Lake Ray Hubbard.
The 231-room hotel has over 28,000 square feet of meeting space and recently added a 52-seat amphitheater.
Dallas’ Gateway Hospitality Group will continue to manage the property.
Terms of the purchase were not disclosed.
“We are extremely excited to partner with Redstone and BBA Capital to take Hilton Dallas/Rockwall Lakefront to the next level,” developer Rob Whittle said in a statement.
Whittle Development is a Rockwall firm that is the largest residential developer in the county.
They also developed the Harbor District complex on the lake.
Their new partner, Redstone Cos., is a Houston-based real estate and hospitality firm.
Its properties include the Houstonian Hotel, Redstone Golf Club and Houstonian Golf & Country Club.
BBA Capital LLC is an El Paso-based development and investment firm that has experience in residential resort golf course developments.