IRVING, TX-Platinum Hospitality LLC will break ground in the fall on a 150-room Crowne Plaza and 85-key Hotel Indigo beside the TPC golf course at the Four Seasons Resort & Club Dallas. The project cost is still being fine-tuned, but comparable dual projects have been coming in at $30 million, give or take.

The hotels will rise on five acres at the intersection of Texas 161 and Raspberry Road. The locally based Platinum’s tag-team project is compliments of a new license agreement with InterContinental Hotels Group of Atlanta. Dallas-based Patriot Hospitality will manage the duo, which are set to open in second quarter 2010. The Hotel Indigo is penciled to open first and the Crowne Plaza will come on line a month later, an IHG spokeswoman tells GlobeSt.com.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.