Update: TSB has learned Mayor Brian Loughmiller and Mayor Pro Tem Travis Ussery recently met with the developer of the proposed Sheraton McKinney Hotel to discuss in greater detail the plans for the facade of the building, which will be located at the northeast corner of U.S. 75 and the Sam Rayburn Tollway.
According to Mayor Loughmiller, this meeting was partially in response to TSB reader feedback as readers shared their disappointment in the building design as presented to council. The councilmen asked for upgrades on the design of the structure, and although at this time there is no specific rendering of the developers intentions, TSB was told that the developer agreed to make upgrades in the facade of the building.
Mayor Pro Tem Ussery also said that, “The dialogue was positive and I think a message was sent that we are serious about timely completion and getting the best look we can.” Ussery said that he and the mayor will continue to meet with the developer.
(Original Story Below)
McKinney’s Gateway Hotel and Events Center is no more. No, the project isn’t being delayed again. It now has a new name and corporate operator. The city-funded hotel, which will be located at the northeast corner of the intersection of the Sam Rayburn Tollway and U.S. 75, will be named the Sheraton McKinney Hotel and Conference Center when it opens in 2015.
Construction of the 186-room hotel and 20,000-square-foot event center is about to get underway after many years of delays. The McKinney City Council recently approved the hotel’s design, site plan and elevations.
“I am excited about the prospect of renewing construction on the Gateway Hotel and Conference Center,” McKinney Mayor Brian Loughmiller said in a release announcing the hotel’s new name. “As our City Council continues to focus on attracting business development to our community, the availability of meeting space and hotel accommodations for corporate clients, civic organizations and tourists will add to the marketability of our community as not only a great place to live, but a great place to do business as well.”
And now the city has taken another step in the development process by partnering with Sheraton Hotels to brand the hotel and operate it as well.
“We look forward to introducing the Sheraton brand to McKinney, one of the fastest growing cities in the United States.,” said Allison Reid, Senior Vice President of North American Development for Starwood Hotels & Resorts Worldwide, Inc. “Sheraton McKinney Hotel will offer a stylish, comfortable and social atmosphere where guests can make connections and enjoy all the brand’s recently enhanced signature services and amenities.”
The total cost of the project is expected to be at least $35 million with McKinney set to contribute between $18 and $20 million, with the city maintaining ownership of the conference center after the project opens.
“We have created a unique and innovative financing plan that provides the city with the opportunity to recoup a portion of its investment upon sale and provides a city-owned conference center,” McKinney City Manager Jason Gray said. “In addition to the positive economic impact from having a high quality, full-service hotel, the McKinney Economic Development Corporation owns an additional 50 acres that can be developed on the site. The hotel is a critical component in making the entire area successful. That’s really the payoff to the community.”
The project was initially started in 2008, but construction was halted due to the economic recession. That left a concrete eyesore resting at the construction site that many in McKinney have taken to calling “Stonehenge.”
Now, after many stops and starts, the City of McKinney has engaged with several partners to rid itself of “Stonehenge.” The City of McKinney and the McKinney Community Development Corporation are partnering with Champ Beck Development, a joint venture between Champ Hospitality and The Beck Group, to develop the hotel. Sheraton Hotels will operate the hotel once it is open.
“Our partners share our view that the fast growing and upscale McKinney market is ideal for this type of property,” Gray said. “In addition to the prestigious Sheraton name, we are partnering with companies that bring decades of experience in construction and hotel management.”
The hotel will feature a full-service restaurant and lounge, named the Sheraton Club Lounge, a fitness facility and complimentary wireless. The guestrooms will offer an oversized work desk, ergonomic chair, high-speed internet, and LCD flat panel television.