The Pegasus Hospitality Group, who received the zoning approval from Southlake, has developed three Hilton-branded hotels nearby. But Community Impact reports their request for another one only said it was either going to be a Hilton, Hyatt or Marriott. The limited-service 6-story hotel will have 130 rooms, will feature a swimming pool and meeting space. Pegasus says the project is expected to cost $20 million to make. The town hopes to receive nearly $400,000 annually in bed tax from the project.
The developer stated construction will start between the third quarter of 2024 and the first quarter of 2025. The company has developed the following hotels near Southlake:
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.