Dallas Convention Center Hotel Development Corporation, established to enhance the hospitality landscape in Dallas, Texas, focuses on developing and managing premier hotel accommodations around the Dallas Convention Center. The corporation's mission is to attract tourism and provide essential services that cater to convention attendees and business travelers alike, thereby bolstering the local economy.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| DALFAC 7.09% 2042-01-01 USDDallas Convention Center Hotel Development Corporation | United States | 2042-01-01 | 7.088 | 5.23 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, the Corporation has issued a variety of bonds to fund hotel development and renovation projects, beginning its bond issuance strategy in the early 2000s. Notable issuances include a $100 million bond in 2015 for the expansion of a flagship hotel, which significantly improved yield rates compared to industry standards at that time. Currently, the Corporation’s bonds feature competitive yields with variable interest rates linked to market fluctuations, and recent news indicates plans for a new round of financings aimed at further extending their development footprint, signaling ongoing confidence in the region’s growth potential.