Fresh off winning a monumental battle over Fairfield Lake State Park over a planned $1 billion resort community, Todd Interest is planning a hotel project in west Dallas.
Sean Todd's company wants to renovate the historic Belmont Hotel at 901 Fort Worth Ave., which closed at the beginning of the pandemic and has remained vacant ever since, Dallas said. Morning News reported.
Opened in 1947 as the Belmont Motor Hotel, the 64-room hotel borders Oak Cliff and Trinity Grove. Monte Anderson bought the building in 2005 and renovated it, adding a pool and hosting events such as weddings and concerts. It has been owned since 2015 by an investment group that includes the Ford family of Dallas.
Designed by noted Dallas architect Charles Dilbeck, the Belmont offers views of the downtown skyline. It was a popular destination until the opening of the Dallas-Fort Worth Turnpike in 1957, when hotels along Fort Worth Avenue declined, the newspaper said.
Todd Interests plans to work with the Ford family to restore and reopen the Belmont. Details have not been disclosed.
Todd Interests is known as one of Dallas' real estate giants and is no stranger to renovations and conversions. The firm has worked on high-profile projects including the National, a 51-storey office-to-apartment conversion, and the Thompson Hotel.
The company has its own offices at 400 North Ervay. This is his 1929 former US Post Office office, which Todd has converted into an apartment and his own event space.
Todd is also renovating the 49-story Energy Plaza downtown. The company aims to convert the 1.3 million square foot building into a mix of apartments and offices.
The company won the battle for Fairfield Lake State Park. The Texas Parks and Wildlife Commission halted condemnation plans after a judge-appointed panel valued the property at more than $400 million.
