The 12-story, 181-room hotel will also feature 21 condominiums on the top three floors.
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Developers of the 160-acre Lakeside Village in Flower Mound have reached an agreement with Marriott International Inc. to build a luxury hotel connected to offices along Lake Grapevine.
Realty Capital Management LLC, the developer behind the $2 billion Lakeside Village development, will build the Autograph Collection Hotel & Residences. The 12-story, 181-room hotel will also feature 21 condominiums on the top three floors. Hotel amenities will include a rooftop pool, spa, private yacht, restaurant and bar.
“This hotel will be unlike any other in Dallas-Fort Worth,” Realty Capital Managing Director Jimmy Archie said in a statement. “Guests will have the opportunity to stay at an upscale resort in the city with beautiful lake views, walk to lakefront restaurants, take a morning stroll on the Lakeside Boardwalk, hike or bike the 22-mile North Shore Trail, play 45 holes of golf at Cowboys Golf Club and Grapevine Golf Course, enjoy a concert at the amphitheater and attend a board meeting in the adjacent office building.”
Flower Mound has approved a Chapter 380 incentive agreement for a hotel and office project on the property. The $230 million development would include a hotel at 3301 Sunset Boulevard, a 155,000-square-foot office building and a private social club called Eden Roc. Construction is expected to begin in 2025.
The hotel will be managed by Cooley Hospitality, the largest Autograph Collection hotel operator in the U.S. with six properties. JLL will assist with leasing and financing for the hotel and office building.
“Companies continue to focus on creating inspiring places, using their properties as showcases that project their brand image, foster collaboration, improve productivity and help recruit and retain employees,” Jeff Eckert, president of JLL Americas Agency Leasing, said in a statement. “Office tenant demand is heavily focused on new or renovated buildings with premium amenities, such as attractive common spaces, dining options, fitness centers, private clubs, balconies, terraces and other outdoor spaces.”
Lakeside Village is in the final stages of construction on a 160-acre mixed-use development that will include more than 40 stores and restaurants, 1,297 apartment buildings, 61 condominiums and 165,000 square feet of office space. When initial plans for Lakeside were announced in 2012, the estimated cost of the project was $1 billion, according to past Dallas Business Journal reporting.
Last year, Realty Capital partnered with builder Corey Van Trace to bring luxury homes starting at $2 million to the Lakeside Village community. Realty Capital Residential is a 16-story, 207-unit apartment tower scheduled to open in January 2025.
Realty Capital also plans a 21-acre expansion called Lakeside East, which would include 350 luxury rental homes and parking, a four-story office building and a “luxury branded” hotel.
