Monte Anderson: Photo by Danny Fulgencio

Monte Anderson: Photo by Danny Fulgencio

Monte Anderson renovated the Belmont Hotel 10 years ago, and now he is selling the 64-room hotel to a Dallas-based company.

Anderson’s sale of the Belmont to Behringer Lodging Group is expected to close June 10, the Dallas Morning News reports. With the sale, Anderson says he will be able to focus on other projects, and he says the company’s undisclosed price was too good to pass up.

Behringer Lodging Group plans to renovate Bar Belmont and the hotel’s guest rooms, but nothing will be demolished. Partner Jeff Burns told the newspaper the renovations will be “respectful” to the hotel’s original architect, Charles Dilbeck.

The buildings housing Smoke restaurant and the Claire Vista fitness club were included in the sale, and both those businesses will retain their leases.

Anderson is known for his pragmatic take on urban renewal, which includes a plan to create retail space in the Smoke parking lot, and he was instrumental in bringing the recent Congress for New Urbanism conference to Dallas in April.