The NYLO hotel is a 5 story, boutique hotel located at the corner of South Lamar Street and Belleview Rd. in Southern Dallas’ Cedars neighborhood. The hotel opened early 2012, after an extensive year-long renovation of a 1910 building that previously housed the Dallas Coffin Company. The 55,000 sq. ft. NYLO includes 76 rooms, a full service restaurant and a 4,500 sq. ft. roof-top pool and bar. The project is designed to achieve LEED Sliver certification, and is within walking distance of the DART station and the entertainment options in the Cedars.
The Dallas Development Fund (DDF), a New Markets Tax Credit (NMTC) financing agency, provided a $17.95 million loan. The NMTC allocation provided just under $5 million in equity to the project. Other funding included a loan from the City of Dallas Regional Center (EB-5), historic tax credits, developer equity and a senior bank loan. City of Dallas supported through New Markets Tax Credits, CDRC EB-5 program.
1660 Stemmons Fwy. Lewisville, TX 75067