CoL – Lubbock Civic Center Hotel – Texas - Project Profile
"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.
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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.
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