Green Touch Builders | Jim Lake-led team buys historic Ambassador Hotel in Dallas for redevelopment
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March 23, 2015 By SEO Admin

Jim Lake-led team buys historic Ambassador Hotel in Dallas for redevelopment

A limited partnership led by Jim Lake Cos. has bought the historic Ambassador Hotel in downtown Dallas, and plans to redevelop the property at the southeast corner of Interstate 30 and S. Ervay St.

The hotel is the oldest luxury hotel in Dallas, dating to 1904.

The partnership, Ambassador Hotel Partners LP, bought the property from a Christian-based nonprofit based in Illinois called, Institute in Basic Life Principles Inc., according to Dallas County deed records.

“We will restore it to a hotel…