Paceline Sells Renaissance Dallas at Plano Legacy West Hotel

Affiliates of Paceline Equity Partners sold the 308-key upscale hotel in Plano's Legacy West development.

Updated on Nov. 5, 2026 in Hotels

Contemporary mid-rise hotel facade of glass and light stone beside a paved entry drive and young trees under a clear daytime sky in suburban Plano, Texas. — Affiliates of Paceline Equity Partners sold the 308-key Renaissance Dallas at Plano Legacy West Hotel, completing an investment a year ahead of schedule. AI Illustration. Upload story photo >

Affiliates of Paceline Equity Partners, a Dallas-based private equity manager, sold the Renaissance Dallas at Plano Legacy West Hotel, a 308-key, full-service upscale property in Plano, Texas. Paceline and joint venture partner Aravest had acquired the hotel in June 2023.

Why it matters

The sale marks a completed investment for Paceline, which fully realized its return on the hotel a year ahead of its planned exit. The transaction reflects the hotel's value after its growth in the Legacy West market.

The hotel has 308 guest rooms and was acquired by Paceline and Aravest in June 2023 using assumable, fixed-rate financing. The sale price and buyer were not disclosed.

The players

Paceline Equity Partners

Paceline Equity Partners is a Dallas-based private equity manager that invests in real estate and hospitality assets.

CBRE Hotels

CBRE Hotels is the hotel investment and advisory arm of the global commercial real estate services firm CBRE.

The details

Paceline and Aravest added guest rooms, reconfigured food and beverage outlets, and captured growing corporate demand from the Legacy West development. The strategy drove growth in room revenue, food and beverage revenue, and net operating income, and CBRE Hotels advised Paceline on the transaction.

June 2023: Paceline and Aravest acquired the Renaissance Dallas at Plano Legacy West Hotel.
November 5, 2026: Sale of the hotel was announced.

Market Landscape

The hotel's performance was tied to corporate demand from the Legacy West development in Plano, which Paceline captured through repositioned rooms and food and beverage outlets. The exit reflects a return of market access for hospitality assets after a period when capital for the sector was scarce.

Travelers booking stays in Plano's Legacy West area may see the hotel under new ownership, though the sale does not indicate any change to current room rates or availability. Guests planning trips should confirm reservation details directly with the property.

The takeaway

Hotel ownership changes can shift how a property is managed, so travelers booking in Plano should check current amenities and policies before arriving.