Crow Holdings and Hilton Announce $100 Million Renovation and Long-Term Management Agreement for Iconic Hilton Anatole in Dallas

DALLAS--(BUSINESS WIRE)-- Crow Holdings and Hilton (NYSE: HLT) today announced a new long-term management agreement for Hilton Anatole, one of Dallas’s most celebrated hospitality landmarks. The recommitted partnership coincides with a $100 million investment to renovate the hotel’s Atrium Tower guest rooms, meeting spaces, common areas, and other amenities over the next several years, bolstering the Anatole’s reputation as a premier destination for visitors and corporate groups. The property is owned by Crow Holdings and managed by Hilton.

First developed by Trammell Crow in 1979, Hilton Anatole has been a centerpiece of Dallas’s skyline and culture for more than four decades. The 52-acre property features 1,610 guest rooms, two grand atriums, Asian art and sculpture from the Crow family collection, expansive meeting and event spaces, nine restaurants and bars, and the exclusive JadeWaters water park. Over the years, the Anatole has hosted presidents, dignitaries, and millions of guests.

Hilton Anatole will undergo a comprehensive renovation set to take place through 2028. Updates to the 718 guestrooms in the Tower were recently completed, and the next phase will include renovations to the 899 guestrooms in the Atrium and 600,000 square feet of meeting and event space, as well as enhanced food and dining options and other capital expenditures.

“Hilton Anatole has been a fixture of Dallas for decades, and we are honored to continue its legacy of welcoming guests from around the world,” said Ian Dilley, Chief Financial Officer, Crow Holdings. “The Anatole has long served as a gathering place for connection, collaboration, and celebration. This next chapter will ensure the hotel remains a defining destination for Dallas for generations to come.”

The new agreement further strengthens a decades-long relationship between Crow Holdings and Hilton, aligning two best-in-class companies with a shared vision to sustain the Anatole as a world-class destination for meetings, conventions, and leisure travelers alike.

About Crow Holdings

Crow Holdings is a leading real estate investment and development firm founded in 1948 and based in Dallas, Texas. With 18 offices across the U.S., Crow Holdings’ local, on-the-ground presence amplifies its hands-on capabilities across a broad range of investment strategies, product types, and ventures in partnership with institutional investors. Crow Holdings has $34 billion in assets under management, one of the largest multifamily and industrial development platforms in the nation, investments across the energy sector including solar and battery storage projects, and a broad, diversified investment portfolio, pursuing compelling investment opportunities to capitalize on evolving, secular growth potential. For over 75 years, Crow Holdings’ success has been rooted in its founding principles of partnership, collaboration, and alignment of interests. For more information, please visit: www.crowholdings.com.

About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 25 world-class brands comprising 9,000 properties and over 1.3 million rooms, in 141 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed over 3 billion guests in its more than 100-year history, was named the No. 1 World’s Best Workplace by Great Place to Work and Fortune and has been recognized as a global leader on the Dow Jones Sustainability Indices. Hilton has introduced industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. Through the award-winning guest loyalty program Hilton Honors, the more than 235 million Hilton Honors members who book directly with Hilton can earn Points for hotel stays and experiences money can't buy. With the free Hilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Visit stories.hilton.com for more information, and connect with Hilton on Facebook, X, LinkedIn, Instagram and YouTube.

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Adam McGill

Crow Holdings

amcgill@crowholdings.com

Source: Crow Holdings