North Texas’ first Mandarin Oriental Hotel will be built at Hillwood Capital’s Victory development, in a deal expected to be announced today. The Mandarin Oriental Dallas would be Victory’s second major luxury hotel. A W Hotel and residences are set to open June 15. Construction on the Mandarin is expected to begin early next year. It is scheduled to open in 2009, with 120 rooms occupying the first 11 floors of the project’s signature high-rise, the 43-floor Victory Tower. An additional 90 residences on floors 23 to 43 will range in price from $850,000 to $6 million.