The investment company’s plans for AC Hotel by Marriott at Silverlake gained approval by the Grapevine City Council and Planning & Zoning Commission during a joint meeting June 17.
Newcrest Image managing partner Mehul “Mike” Patel said the plan for the 5-story, 200-room hotel is to open in 2029. It would be located next to the current office building that Newcrest Image occupies, near Grapevine Mills, at 1701 SH 26.
Council approved the application 6-0 with Mayor William D. Tate recusing himself from the vote.
This will be Grapevine’s 22nd hotel and is the second in the past six months that gained approval. In the Nov. 19, 2024 meeting, council approved a Hampton by Hilton hotel to be built near SH 114 and William D. Tate Avenue.
Zooming in
Patel said Newcrest Image bought the land where the hotel will be constructed in 2008. Since 2012, he said Newcrest has brought seven hotels to town with brands such as Holiday Inn Express & Suites, Hampton Inn & Suites, Hilton Garden Inn and Courtyard by Marriott.
“We bought this land 17 years ago and since then we have made more than $300 million investments in hotels, multi-family and office space and this is the last phase,” Patel said.
The details
The AC Hotel will feature an outdoor space, outdoor pool, full-service gym, six meeting rooms and full-service restaurant. According to information provided in the application, the hotel will have 7,000 square feet of event space that will host between 50 events and 75 events annually. In addition, the hotel will employ between 50 to 70 full- and part-time staff members.
Part of the conditional use permit is the on-premise alcohol beverage sales of beer, wine, and mixed beverages, according to city documents. The development requires 250 parking spaces and the hotel operators proposes 262, which includes sharing with the office building where Newcrest Images is located at 1785 SH 26.
What to expect
Patel estimated the construction would take 24 to 30 months once construction starts, aiming to be completed by first quarter of 2029.
According to city documents, the proposed economic impact is $4 million to $5 million during construction and then $5 million annually by visitor spending, taxes and wages.
