The Hotel Lumen, on Hillcrest across from SMU, has been sold. Tim Headington had been in on the ownership group of the property prior to the sale. As part of the transaction, the hotel will become a Graduate Hotel, a chain of mainly boutique hotels in college/university cities. It will reopen in spring of next year, with 95 rooms, a redone restaurant/bar, a coffee shop, a lounge on its roof, and an updated poolside area. The hotel dates to 1963. Graduate is poised to more than double its portfolio of hotel properties in the near future; there are 14 locations currently. AJ Capital, the primary firm behind the Graduate brand, was the acquirer of the property.
https://www.dallasnews.com/business/rea ... l-near-smu
https://www.papercitymag.com/culture/lu ... ate-hotel/
https://www.bizjournals.com/dallas/news ... lumen.html