Two Investors Get $3 Million to turn a Bank into a Hotel

City Funding Will Aid in Conversion of Dallas National Tower.

Two businessmen have received almost $3 million in city funding to help turn an old Main Street office building into a luxury hotel. The 17-story former Dallas National Bank building has been mostly vacant for 10 years.

Robert Colombo and Rene Campos Jr. plan to convert the vintage office tower into a 90-room hotel with 4,000 square feet of retail space.

The investors hope to start work on the $11 million project late this year or early in 2004, Mr. Colombo said.