TPG Hotels & Resorts has expanded its management portfolio with the addition of the Sheraton McKinney Hotel. LXMI Capital recently acquired the property and selected TPG Hotels & Resorts to enhance operational efficiency, guest satisfaction and overall asset performance.
The 187-key hotel features an outdoor swimming pool, a fitness center, more than16,000 square feet of meeting space and an 82-seat restaurant.
The Sheraton McKinney is located at the intersection of US-75 and SH-121 in the Dallas-Fort Worth market near TPG’s new headquarters. The hotel is located near North Dallas corporations, including Emerson Process Management and the Collin County Higher Education and Administration Center, Toyota Stadium, Z-plex, historic museums and the original city square.
More new developments are expected to open near the hotel, including the $200-million Sunset Amphitheater slated to open in 2026.
“Our team is committed to delivering exceptional results for ownership while providing a memorable and elevated guest experience. With McKinney’s continued growth and the significant demand drivers in this market, we are confident in the Sheraton McKinney’s bright future,” Ben Perelmuter, president of TPG Hotels & Resorts.
TPG operates hospitality assets across all chain scales, including luxury, full service and select service, as well as the company’s upscale boutique and independent operations division — the INTERA Collection. The hotel management company’s historical resume includes more than four decades with more than 600 branded and independent hotels and marinas, consisting of over 65,000 rooms across 42 states.
