Craig Ranch could soon be home to a new resort hotel if David Craig’s plans come to pass.
Craig of Craig International and developer of Craig Ranch presented a plan to McKinney City Council during a work session April 18 that included plans for a 250-room resort hotel.
The proposed resort-hotel would include 15,000 square-feet of indoor meeting space and an additional 3,000 square-feet of available meeting space at the TPC clubhouse. Plans also include two ballrooms, two or three breakout rooms and one boardroom.
“We desperately need hospitality near the McKinney Corporate Center,” Craig said. “This is an opportunity to bring one of the essential developments and attractors to the corporate center in the form of a hotel that brings many of the amenities required by corporate America: meeting space, dining and overnight stays on campus.”
Craig said the occupants of the hotel would have access to the TPC Golf Course in Craig Ranch, an added bonus that he said would encourage weekend stays and help provide additional sales tax revenue in McKinney. On-site restaurants are included in preliminary plans, and the hotel’s future management firm, Aimbridge Hospitality, said it is open to amenity requests from the city and public.
According to the presentation, the estimated construction cost is roughly $68.75 million. Craig requested the city council allow the city manager’s office to speak with Aimbridge Hospitality in hopes of establishing some type of partnership with the city in terms of McKinney Community Development Corp. or McKinney Economic Development Corp. funds.
“I do think this is an opportunity for all concerned,” Mayor Pro Tem Travis Ussery said.