FRISCO | Hyatt Regency Hotel | 15 FLOORS

[dollaztx]

Frisco council OKs up to $25.5M to help Sam Moon-owned hotel rise next to Stonebriar Centre mall

A landmark deal that proposes attaching a Hyatt Regency hotel to the Stonebriar Centre mall in Frisco took another step forward Tuesday.

The Frisco City Council voted 5-0 Tuesday on an agreement to purchase conference center space for $10.5 million once it’s built by the hotel. The hotel would then lease the space back from the city and handle bookings and events.

The project is proposed for the northwest side of the mall between Dillard’s and Nordstrom. The hotel would be at least 15 stories tall and have at least 295 rooms. It would include the conference center and parking garage.

The city documents call for the hotel to be completed no later than December 2019.

[Sic'EmBears]

Hedge fund provides $105 million for new Frisco hotel



Project Location

CLG Hedge Fund LLC said it is providing the $105 million construction loan for the new Hyatt Regency Stonebriar under construction at Stonebriar Centre mall in Frisco.

The 18-story, 303-room hotel is being build by Sam Moon Group, which also developed the new Renaissance Hotel at Plano's Legacy West.

Scheduled for completion in early 2020, the Hyatt Regency Stonebriar will connected to the Stonebriar Centre mall. The project also includes an 800-space parking garage and a new Frisco city library.

Brasfield & Gorrie is the contractor and HKS Inc. is the architect.