TRT Holdings Moving HQ To New Dallas Location

Parent Company of Omni Hotels & Resorts To Relocate from Irving After City Officials Approve 10-Year Tax Abatement Package

Wednesday January 25, 2012
CoStar Research

The parent company of Omni Hotels & Resorts and Gold’s Gym International agreed to relocate its headquarters from Irving to a new building that Crow Holdings will build at 4001 Maple Avenue on the Old Parkland campus. The firm, TRT Holdings, plans to move to its new Dallas location in 2013.

Crow Holdings recently acquired additional property to expand the original 8.3-acre site to 9.5 acres, which is bound by the Dallas North Tollway, Maple and Oak Lawn Avenues. The master planned business campus will include new buildings designed to complement the historic landmark structures.

The headquarters will be built by Brasfield & Gorrie. HKS has been hired to design the six-story headquarters, which will measure approximately 170,000 square feet. The new building is expected to house approximately 275 employees of TRT Holdings, Omni Hotels & Resorts and Gold’s Gym International.

Earlier this week, the Dallas City Council confirmed a 10-year tax abatement on 90% of the value of the new headquarters facility and a $200,000 grant as an incentive for the project. Dallas will forgo some property tax but will gain an estimated $7 million in ancillary revenue from the project over the same time period. TRT Holdings said it expects to make a $40 million investment in the project.

TRT Holdings’ Omni Hotels & Resorts was recently selected to manage the new Dallas Convention Center Hotel.