Trump Hotels to Open Scion in Dallas With Foreign Investors
- The 220-room hotel is slated to open in first quarter of 2019
- Developer is Alterra, led by Turkish native Mike Sarimsakci
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Trump Hotels plans to open one of its lower-priced Scion properties in a $50 million downtown Dallas project that’s being funded by individual investors in countries including the U.S., Turkey, Qatar and Kazakhstan.
The 220-room hotel is set to open in the first quarter of 2019, according to Mike Sarimsakci, founder of Alterra International, the local developer leading the project. He said he has been working with the Trump Organization on the development for about 18 months. The company will license the brand and manage the hotel, and won’t invest any equity, he said. “We have signed a letter of intent,” Sarimsakci said in a phone interview.