Monte Anderson selling the Belmont Hotel, a decade after he restored the West Dallas landmark

Roy Appleton/Staff

Monte Anderson bet on the future and Fort Worth Avenue 11 years ago when he bought a struggling hilltop landmark west of downtown Dallas.

Reviving a name from the past, he restored and opened the Belmont Hotel in 2005, planting hope for a wilted corridor with a roadside attraction.

Now, as the area keeps adding new apartments, houses and commercial development, Anderson is exiting.

In a deal scheduled to close June 10, he will sell the Belmont and surrounding property to Dallas-based Behringer Lodging Group, LLC.