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Tuesday, April 18, 2017
Luxury resort and conference center in McKinney's Craig Ranch could get city help
McKinney could get a new resort hotel and conference center at Craig Ranch Town Center, with details on the proposed project expected to be unveiled to the city on Tuesday.
Scott Tarwater of Tarwater Hospitality Consulting, which is based in North Texas, is expected to give a presentation to city council of the 285-room hotel and its amenities, including 33,000 square feet of conference space, near Collin McKinney Parkway and Van Tuyl Parkway in McKinney.
The city of McKinney and McKinney Economic Development Corp. are working with would-be developers of the project on a potential public-private partnership, which could include economic incentives.
The details of the economic incentives were not immediately available Friday.
The proposed hotel and convention center could be a revived plan of a $100 million, 300-room hotel — called the Golden Tulip — that failed to break ground in 2008.
The Golden Tulip hotel brand is part of the Louvre Hotels Group, which has a total of over 240 hotels in 45 countries.
Either way, the development group has commissioned a third-party feasibility study to analyze the data to help the city best negotiate a potential deal. The details of the study are expected to be shared Tuesday.