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New Sheraton Hotel And Conference Center Slated To Open In McKinney, Texas

Stocks in this article: HOT

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced its Sheraton brand will expand its portfolio in the Dallas-Fort Worth metropolitan area with a new hotel planned for McKinney, Texas. The City of McKinney and the McKinney Community Development Corporation (MCDC) are teaming up with Champ Hospitality and Beck Development to build the $38 million Sheraton McKinney Hotel at the corner of Highway 75 and the Sam Rayburn Tollway. The 186-room Sheraton will be McKinney’s first upscale, full-service hotel and will be connected to a 20,000 square-foot events center, both slated to open in February 2015.

"I am excited about the prospect of renewing construction on the Gateway Hotel and Conference Center,” said McKinney Mayor Brian Loughmiller. “As our City Council continues to focus on attracting business development to our community, the availability of meeting space and hotel accommodations for corporate clients, civic organizations and tourists will add to the marketability of our community as not only a great place to live, but a great place to do business as well."

Sheraton McKinney Hotel will feature the brand’s signature Link@Sheraton SM experienced with Microsoft® – a relaxed space with complimentary wireless broadband where guests can socialize and connect with friends, both old and new. In addition, the hotel will offer a full-service restaurant and lounge, Sheraton Club Lounge, and a fitness facility featuring the brand’s revolutionary new health and fitness program, Sheraton Fitness® by Core Performance™. All guestrooms and suites will be outfitted with the all-white Sheraton Sweet Sleeper® bed, designed to meet AAA’s Five Diamond Award® criteria, as well as an oversized work desk, ergonomic chair, high-speed Internet, and LCD flat panel television.

“We look forward to introducing the Sheraton brand to McKinney, one of the fastest growing cities in the United States. After spending $6 billion to revitalize the brand, Sheraton is now in the midst of the largest growth spurt in its history, with $8 billion invested in new hotel developments over the next three years,” said Allison Reid, Senior Vice President of North American Development for Starwood Hotels & Resorts Worldwide, Inc. “Sheraton McKinney Hotel will offer a stylish, comfortable and social atmosphere where guests can make connections and enjoy all the brand’s recently enhanced signature services and amenities.”

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