Officials at the MPEC are looking to build a hotel within walking distance in hopes of bringing in more business.
"We have decided to be a little bit proactive as a city," Lindsay Greer, Director of the Convention and Visitors Bureau said.
They have teamed up with PKF Consultants to find out what would be best suited for the community.
"It's about a $35,000 project to do the study," she said.
The feasibility study will identify the most appropriate locations, services offered, price point, and hotel brand. However, they already have seven locations in mind.
Greer said, "All of them are within walking distance. Within a block or two."
Officials said they don't want your typical hotel.
"What we are missing is that kind of big convention hotel where we can everything under one roof," she said.
This would include multiple rooms, meeting spaces, a restaurant, and bar. Greer said it is something they have had in the past.
"We've had a convention hotel adjacent to us when the former Howard Johnson was opened a few years ago and it didn't take away from the business here," Greer said.
If anything, it added to it, since there was more space to be utilized.
She said, "There's a lot of annual events, a lot of trade shows, things like that our vendors would like to have something within walking distance."
Wichita Falls has seen quite a few hotels open for business in the last few years, but none of them were built by the MPEC.
"They're catering to a different market that we are catering to," Greer said.
However, she says those hotels benefit the community.
The surveys for the study have been sent to members of the Chamber of Commerce and numerous convention and meeting vendors. They will be getting the results from the consultants within three months. From there they consultants will help officials with getting developers.
Officials said the project could take up to two years to complete, but they plan on taking it one step at a time.