Full service hotel talks continue in Wichita Falls - Newschannel 6 Now | Wichita Falls, TX

Full service hotel talks continue in Wichita Falls

Source: KAUZ Source: KAUZ
WICHITA FALLS, TX (KAUZ) -

Wichita Falls is continuing to move closer to building a full service Double Tree hotel near the MPEC.
City council is now in agreement with the 4B board to move forward on the project talks.
The 120 day agreement will allow all parties to move forward with the conceptual phase of the project that would bring a full service hotel back to the Falls and an upscale conference center to attract convention goers.
    "The intent today was to just get us further down the road of finalizing the plans for what ultimately will be a good opportunity for the city of Wichita Falls to construct these facilities," Jim Dockery, the Deputy City Manager said. "It's very positive news that both of those boards approved it unanimously. So that indicates a support for, conceptually, the project in and of itself."
What do the next 120 days hold?
    "The next phase, the next 120 days, we will take that planning process from a conceptual level through to schematic level," Colin McDonald with Gatehouse Capitol said.
That includes receiving loans from the bank and working out specific details.
McDonald believes this would be great for the city.
    "We have all the characteristics of success here," McDonald said. "We have a market study that has been shown to be indicative of success. We have the MPEC center under new management, which has a very optimistic long term outlook for success."
McDonald and Dockery both told Newschannel 6 that the hotel would be 150 rooms, with room for expansion in the future.
Also included in the proposal is a convention center, next to the hotel, for more upscale events.
The total cost of the project is expected to be near 28 million dollars.
18 million of it will be paid for by Gatehouse capitol and 10 million by the city of Wichita Falls.

Copyright 2016 KAUZ News All Rights Reserved

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