CHICAGO, Illinois—JLL’s Hotels & Hospitality group announced it has arranged the refinancing for the Hilton Dallas Plano Granite Park, a 300-room full-service hotel in Plano, Texas. JLL worked on behalf of the borrower, Driftwood Capital, to secure the floating-rate, three-year loan through a debt fund.
The property is situated within Granite Park, a 90-acre Class A mixed-use development at the intersection of Dallas North Tollway and Sam Rayburn Tollway in West Plano. The development encompasses more than three million square feet of office space occupied by Fortune 500 companies and includes The Boardwalk, a waterfront dining and entertainment district with numerous restaurants and retail establishments. The hotel is supported by demand generated by the office park’s concentration of corporate headquarters and regional offices.
Driftwood Capital acquired the hotel in June 2023 and completed a comprehensive $8.5 million renovation in March 2025. The property improvements included all 300 guestrooms, as well as public spaces throughout the nine-story building. The renovation also updated the property’s food and beverage outlets, which now include Carso Restaurant with indoor and outdoor dining, Carso Market for grab-and-go service, and Prairie Fire bar with an outdoor patio. The hotel includes 30,000 square feet of meeting space; the Prairie Ballroom can accommodate up to 1,300 guests for conferences, weddings, and social events.
The property is located within the West Plano and Frisco submarket of Dallas-Fort Worth. The submarket serves as a major business district supported by major corporate headquarters and benefits from proximity to entertainment attractions including Legacy West, The Star in Frisco, and PGA Frisco. The hotel is positioned near multiple professional sports venues and retail destinations, with complimentary shuttle service providing access to nearby attractions.
Statement From Leadership
The JLL Capital Markets team was led by Managing Director Jeff Bucaro and Analyst Malia Buljat.
“This financing reflects the strength of Driftwood Capital’s renovation strategy in our opinion and the hotel’s exceptional position within one of Dallas’s most dynamic mixed-use developments,” said Bucaro. “The property’s location within Granite Park provides immediate access to Fortune 500 corporate demand while West Plano continues to attract headquarters relocations and currently operates in a market characterized by relatively favorable supply conditions.”
