Tuesday, July 03, 2012

Downtown’s grand Adolphus Hotel may be sold

By STEVE BROWN The Dallas Morning News
Downtown Dallas’ venerable Adolphus Hotel turns 100 this year. And the grand old lady may celebrate her birthday with a new owner.
An Ohio-based hotel investor — RockBridge Capital — is looking at buying the 20-story landmark at Commerce and Akard streets.
The new owners would need to make substantial improvements to the 440-room building, which was last gutted and rebuilt in 1980 during a $45 million renovation.
Built by a beer baron and expanded multiple times over the years, the hotel — while showing her age — is one of Dallas’ most cherished historic buildings.
Real estate brokers say that Columbus-based RockBridge is in talks to purchase the Adolphus from its owner, a Boston partnership that has controlled the property since early this year, county deed records show.
Officials with Adolphus’ potential buyers have recently met with Dallas city officials and downtown Dallas business leaders.
RockBridge representatives would not respond to requests for information about their plans for the Adolphus.
And the Adolphus’ manager did not return phone calls.