A luxury Dallas hotel built nearly a century ago has a new ownership group based in its hometown: HN Capital Partners, an affiliate of Hunt Consolidated Inc.

The Rosewood Mansion On Turtle Creek, a 142-room luxury hotel at 2821 Turtle Creek Blvd., which is near Uptown Dallas and the Katy Trail — a 3.5-mile walking and running trail built on a former rail line — has sold to HN Capital Partners for an undisclosed sum. According to CoStar data, the hotel last sold more than a decade ago as part of a larger portfolio.

“This magnificent estate offered HN Capital a unique opportunity to further invest in the Dallas community, and we’re excited to continue to forge even stronger bonds with local partners as we begin work on enhancing what this iconic hospitality destination has to offer," Vipin Nambiar, founder and managing director of HN Capital Partners, told CoStar News in an emailed statement.

"Our goal is to respect the hotel’s history and work closely with the Rosewood team to further expand the luxury offerings and imagine new services that ensure that the Rosewood Mansion on Turtle Creek remains the most beloved hotel for the Dallas community and travelers alike," Nambiar added. "Our aspiration always remains the same: to use our training as architects, planners, finance, and legal professionals with the guiding principle of leaving something better than we found it. Our effort here will be no different."

The closing of the acquisition of the Rosewood Mansion On Turtle Creek comes a day after a U.S. bankruptcy judge granted the ownership of a high-profile development tract earmarked for the city's first Mandarin Oriental hotel along Turtle Creek Boulevard to an affiliate of HN Capital Partners.

Timothy Barton, who is facing wire and securities fraud charges and had initially planned on developing the Mandarin Oriental luxury hotel through an agreement with the Mandarin Oriental hotel group, defaulted multiple times in a two-year period through an affiliated single-purpose entity on a loan tied to the property.

2999TC Acquisitions LLC, a Barton-affiliated entity, defaulted eight times in 2020 on a $32.5 million loan tied to the project expected to house the $395 million hotel, with the number of defaults mounting through earlier this year. The lender, HNGH Turtle Creek LLC, sought to foreclose on the property, but the Barton-affiliated entity filed for Chapter 11 bankruptcy protection in hopes of retaining the property.

In a ruling Wednesday, U.S. Bankruptcy Judge Scott Everett granted the ownership of the property to the lender, which is affiliated with HN Capital Partners. On Thursday, Barton filed an appeal of the judge's final ruling.

HN Capital Partners declined to comment on the judge's ruling to CoStar News.

KSL Capital Partners and Interbank provided capital to HN Capital Partners. The Rosewood Hotel & Resorts team will work alongside the new owner on the historic property.