ALLEN, Texas
The Allen City Council approved a development agreement with TCH Altera, LLC, for the construction of The Convention Center at Watters Creek, an $85 million, full-service four-star facility.
The convention hotel will contain 290 guest rooms, a 64,200-square-foot convention center and a 1,000-car parking garage on seven acres at Bethany Drive and North Central Expressway, adjacent to Allen’s premier Watters Creek mixed-use center.
Projected to open in January 2017, the center will offer the largest convention and exhibition space in the north Dallas suburbs and compares to DFW’s most significant centers, including the Gaylord, Hilton Anatole and the Sheraton Dallas Hotel, according to a study by HVS.
“This convention center is truly a unique asset for North Texas,” said Allen Mayor Stephen Terrell. “The sheer size of the convention space opens the door for significant conferences and propels Allen to a whole new level as a destination city for business and tourism.”
According to Allen officials, the convention center is being developed largely in response to Allen’s explosive corporate office and retail growth that continue to drive demand for larger business and recreational events. Of the 64,200 square feet the hotel will include a 40,000-square-foot conference hall, 12,000-square-foot ballroom and 8,000 square feet of separate meeting rooms.
TCH Altera has arranged construction financing and anticipates breaking ground by the end of this summer. TCH Altera brings extensive experience with a wide range of notable hotels, including the Mandarin Oriental in Las Vegas, NV, The Knickerbocker in Manhattan’s Time Square and the recent redevelopment of The Fairmont Acapulco Princess in Acapulco, Mexico.
