Market Research Logo

CoL – Lubbock Civic Center Hotel – Texas - Project Profile

CoL – Lubbock Civic Center Hotel – Texas - Project Profile

Synopsis

"CoL – Lubbock Civic Center Hotel – Texas - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "CoL – Lubbock Civic Center Hotel – Texas - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

The City of Lubbock (CoL) is planning to build a hotel in Texas, the US.

The project involves the construction of a 21,135m2 16-story 300-room hotel. It includes the construction of 1,114m2 of meeting and ballroom space, restaurants, retail units, a fitness center, a two-story parking garage with 1,087 spaces and related facilities and the installation of elevators, safety and security systems.

SDM Financial Inc. (SDM) has been appointed to provide study and financial plan for the project. Based on their surveys, SDM recommended that either Marriott or Hilton manage and franchise the hotel.

Pearl Hospitality has been appointed as associate developer.

In December 2015, Lubbock's downtown tax increment financing board recommended CoL to enter into a public-private partnership.

On November 18, 2016, the council planned to vote on December 1, 2016 to decide whether to proceed with the hotel plan or not.

On December 1, 2016, CoL approved market feasibility study for the hotel plan.

Two private investors including Pearl Hospitality Group submitted development proposals to CoL. Pearl Hospitality Group has been selected as the preferred private partner.

Construction is expected to commence in 2018 after the design is complete for the hotel and common area.

Scope

The project involves the construction of a 21,135m2 16-story 300-room hotel in Lubbock, Texas, the US.

The US$91 million project includes the following:

1. Construction of 1,114m2 of meeting and ballroom space

2. Construction of restaurants

3. Construction of retail units

4. Construction of a fitness center

5. Construction of a two-story garage with 1,087 parking spaces

6. Construction of related facilities

7. Installation of elevators

8. Installation of safety and security systems

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report