FLOWER MOUND, Texas--(BUSINESS WIRE)--New Era Hotels & Resorts and Sunset Legacy, LP today announced plans to develop a 12-story 220 room and suite luxury hotel and conference center overlooking Lake Grapevine in Flower Mound, Texas.
The hotel, The Pearl on the Peninsula™ Hotel & Conference Center, will feature spectacular sunsets and sunrises overlooking the nine-mile long Grapevine Lake from 40 foot bluffs. It will be the centerpiece of the southern 25-acre peninsula, which is part of the 150-acre mixed-use development, Lakeside DFW.
More renderings and project information available here.
The development of The Pearl on The Peninsula™ Hotel & Conference Center is driven by the Tarwater and Stewart families, who have collectively owned the property since the 1890’s. “We are thrilled that L. Scott Tarwater, partner and president of DFW TX-based New Era Hotels & Resorts, will lead the development effort since he sold the property to our family in 1984,” said Alan Stewart, Sunset Legacy, LP.
“Over 30 years ago, my father, Peter P. Stewart, envisioned an international hotel overlooking the lake to complement the new DFW International Airport,” continued Stewart. “Our family is thrilled that he will see this dream come true right before his ninety-fifth birthday.”
Flower Mound Town Council approved a measure that will assist New Era Hotels & Resorts in developing the hotel and conference center. The hotel will have 12 stories, with the top level featuring large, exclusive “sky villas” with lake views. The hotel will include a 32,000-square-foot conference center. The developer plans to seek LEED certification for the hotel and conference center.
The hotel will feature a warm, yet modern design that visually connects visitors to the lake and surrounding nature. It will feature flexible meeting spaces, a 10,000-square-foot ballroom, an infinity pool and two restaurants, one a European market concept and the other a full-service upscale signature restaurant and bar. An additional bar is planned to be located near the outdoor pool.
“It is an honor to bring another wonderful hotel to the Town of Flower Mound, particularly on the land that my parents, grandparents and I grew up on,” said L. Scott Tarwater. “The opportunity to bring a truly unique, luxury hotel concept that honors our community’s heritage, along with creating a premier international destination for guests and locals to experience, is very significant to me.”
Tarwater and New Era Hotels & Resorts are leading the development effort and DePalma Hotels & Resorts will manage the property. The project team includes Merriman Associates/Architects, TBG (landscape design), Duncan, Miller, Ullmann Design (interior design), Gateway Planning (master planning) and Kimley-Horn (engineering). Balfour Beatty is acting as design builder.
More information about the The Pearl on the Peninsula™ Hotel & Conference Center can be found at http://thepearlonthepeninsula.com/.
About New Era Hotels & Resorts
New Era Hotels & Resorts, based in the DFW Metroplex, was formed by the founders of Rainier Medical Investments, Tim Lavender and Daryn Eudaly and Industry legend Scott Tarwater. The company’s goals are developing, acquiring and owning hotels and resorts in strategic markets across the United States, in conjunction with healthcare campuses and strategic public-private ventures.
Lavender and Eudaly have focused on medical-related developments over the last 15 years working with healthcare systems and large medical groups to develop and own hospital and medical office projects. Lavender and Eudaly saw a synergistic opportunity to add hospitality development to their offerings and partnered with Tarwater to serve as a principal and president of New Era Hotels and Resorts. Tarwater previously served as Executive Vice President of Development for John Q. Hammons Hotels & Resorts and has completed over 78 hotel & resort developments.
New Era Hotels & Resorts’ first project is the 146 room/suite Courtyard by Marriott and conference space in the River Walk at Central Park master-planned development in Flower Mound, Texas. It will on the Texas Health Presbyterian Hospital Flower Mound campus. The Marriott will be the first hotel in Flower Mound and is slated to break ground by September 1, 2015 and open the fourth quarter of 2016.
New Era’s second project will be a joint venture with Sunset Legacy to develop and own the second hotel in Flower Mound, The Pearl on the Peninsula™ Hotel & Conference Center. The Town of Flower Mound recently approved an incentive for the hotel, a 220 room/suite luxury resort and conference center located 10 minutes north of the DFW airport and overlooking Lake Grapevine. This ground-up development is scheduled to break ground by July 1, 2016 and open by the fourth quarter of 2017.
For more information about New Era Hotels & Resorts please visit http://newerahotelsandresorts.com/.