An iconic downtown building has a new owner — from Dallas.

The historic 20-story W.T. Waggoner Building has been bought by the Northland Properties Corp., a company led by Dallas Stars hockey team owner Tom Gaglardi.

“The historical relevance of the W.T. Waggoner Building makes this the perfect hotel asset for us,” Gaglardi, president and CEO of Northland Properties, said in a statement. “With the opening of our first hotel in Plano in the next few weeks, we are excited to continue to expand throughout Texas, and we think Fort Worth is a fantastic market for us to grow into.”

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