Posted Oct 28, 2017, 3:26 PM
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Join Date: Sep 2011
Location: Dallas
Posts: 2,221
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Armour Hotel planned for former meatpacking site in the Historic Stockyards
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Three years after buying the property, a Fort Worth Stockyards development group is planning a $21 million, 120-room hotel called the Armour Hotel and has asked the city for an incentive on the project.
The City Council heard terms of a proposed $1 million incentive Tuesday for the project planned off East Exchange Avenue.
Under those terms, the group, Niles City Resort Ltd., would be required to invest a minimum of $21 million by December 2019 to develop a four-star hotel. The hotel would be required to have at least 40 full-time employees on staff a year later.
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The hotel’s facade must be masonry and reflect the historical and architectural heritage of the Stockyards, according to the terms.
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Philip Murrin said the five-story hotel is the first in a three-phased project at the site. Construction should start in early 2018 and the hotel be open by spring of 2019, he said.
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On Tuesday, most of the council expressed support for the project.
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