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Mehul Patel Of NewcrestImage Acquires NYLO Dallas Plano Hotel With 176 Rooms In Plano

Property Image
SOLD

Texas

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Hotel
Sold 08/19/2025
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Property Image
SOLD

Mehul Patel Of NewcrestImage Acquires NYLO Dallas Plano Hotel With 176 Rooms In Plano

8201 Preston Road

See Similar Deals
Hotel
Sold 08/19/2025
the dealdetailscomps

Summary

TEXAS
Asset Type:Hotel
Transaction Type:Sale

The property asset involved in the transaction is a hotel located at 8201 Preston Road in Plano. The asset, known as NYLO Dallas Plano, has 176 keys and is part of Hilton’s Tapestry Collection. NewcrestImage has plans for a full renovation and rebranding of the property, including a potential addition of a speakeasy.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: Not disclosed
  • Address: 8201 Preston Road
  • Market: Plano
  • Keys: 176
  • Buyer: Mehul Patel - NewcrestImage

Mehul Patel is the representative of NewcrestImage in this acquisition, which expands the company’s luxury full-service portfolio. The focus on the Legacy District property highlights the company’s commitment to enhancing its offerings in the market.

Players

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NewcrestImage
BUYER
N
NewcrestImage
BUYER

Details

SOLD
IMAGE: Mehul Patel DATE: 08/19/2025 ADDRESS: 8201 Preston Road MARKET: Plano ASSET TYPE: Hotel ~ KEYS: 176 BUYER: Mehul Patel (@Mehul.Patel12) - NewcrestImage (@NewcrestImage) NOTE: NewcrestImage acquired the 176-room NYLO Dallas Plano, part of Hilton’s Tapestry Collection, expanding its luxury full-service portfolio. The company plans a full renovation and rebrand of the Legacy District property, including a potential speakeasy addition.

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