Thursday, October 28, 2021
68.6 F
Fort Worth
970x250_DM_Leasing

Plans for Cultural District hotel on hold

🕐 1 min read

Plans for a Westin-branded hotel across the street from the Modern Art Museum on University Drive are on hold after costs rose on the project.

New Orleans-based HRI Properties, working with the property’s owners, had planned to develop a $52-million, six-story, 250-room hotel on the site of the Dos Gringos Restaurant.

But HRI Properties told city officials they have run into financial issues funding the project. 

The Fort Worth City Council in August approved a 10-year economic development agreement that would have returned up to $7.8 million in city hotel taxes to the developer. That agreement has been cancelled, according to city officials.

The hotel was to be located on University Drive between Morton and Bledsoe streets and serve as the main hotel for the 14,000-seat multipurpose arena set for Will Rogers Memorial Center.

The hotel was to include a full-service restaurant, three-story parking garage and 15,000 square feet of meeting space.- This story contains material from the FWB archives.

Related Articles

Our Digital Sponsors

Latest Articles

Texas-Rangers-Welcome
Fort Worth Business Press Logo
This advertisement will close in
00
Months
00
Days
00
Hours
00
Minutes
00
Seconds
seconds..
Click here to continue to Fort Worth Business Press
Texas Rangers
Fort Worth Business Press Logo
This advertisement will close in
00
Months
00
Days
00
Hours
00
Minutes
00
Seconds
seconds..
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate