Located off of SH 114 and Grace Lane near the Gateway Church campus, the Westin Hotel was due to obtain its certificate of occupancy no later than June 30, 2021, according to meeting documents. But the new resolution would push that date to Dec. 30, 2021, per a request by the applicant, SRH Hospitality Southlake Investments LLC.
An incentive agreement for the Westin’s development was approved first in 2015, according to a previous report by Community Impact Newspaper. Provisions that included deadlines and expectations were later added. Site plans feature about 253 rooms, a two-level parking garage, a restaurant, a pool, a fitness center and retail space.
The agreement also specifies a public investment of $5.4 million from the city, according to meeting documents. It would be paid back over a period of up to 12 years from property tax, hotel occupancy tax and sales taxes generated by the hotel.
Harrell Hospitality Group CEO Paul Barham was in attendance at the meeting. Harrell is part of the SRH Hospitality team leading the development. He assured City Council the development is still making progress.
“Having worked on this project for five years or more, I’m cautiously optimistic that we’re where we need to be,” Barham said.