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Hyatt buys company with two Dallas-area hotels on the way

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Hyatt Hotel Corp. has reached a deal to purchase New York-based Dream Hotel Group, which operates a dozen properties in the Americas, Asia and Europe.

The 200-room Dream Hotel will be the first phase of the FIrefly Park mixed-use development at U.S. 380 and the Dallas North Tollway in Frisco.A hotel company with two projects in the works in the Dallas area is selling to Hyatt Hotel Corp. in a deal valued at $300 million.

The hotel would be in the 230-acre Firefly Park planned at the southwest corner of the Dallas North Tollway and U.S. Highway 380. “With what’s going on with Jerry Jones and the Cowboys facility and the PGA, we were already comfortable with why Frisco would be a good location,” Dream Hotel Group CEO Jay Stein said about the Frisco location.

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