GRAPEVINE, Texas
Ryman Hospitality Properties announced details on its planned $120 million expansion of the Gaylord Texan Resort and Convention Center in Grapevine, Texas.
The expansion will add 300 guest rooms to the resort’s current 1,511 room inventory and will add 86,000 square feet of carpeted meeting space, bringing the total space to approximately 490,000 square feet.
Once the expansion is complete, Gaylord Texan will become the second largest non-gaming convention center hotel in the U.S. as measured by total self-contained exhibit and meeting space, behind Gaylord Opryland Resort and Convention Center and ahead of Gaylord National Resort and Convention Center.
“For the past 12 months, we have talked about the strength in our business and the large group segment as a whole, where we are seeing increased demand for rooms and meeting space across our portfolio,” Colin Reed, CEO of Ryman Hospitality Properties, said. “At the same time that we are seeing this increased demand, we are also seeing almost no new competitive supply of this scale under construction for the foreseeable future, outside of the Gaylord Hotels brand.”
The meeting space addition includes a new 30,000-square-foot ballroom, 30,000 square feet of breakout space and approximately 26,000 square feet of carpeted pre-function space. Construction is expected to begin in the fourth quarter of this year and be completed during the second quarter of 2018.
The project also includes a $5 million expansion of the property’s resort pool complex, which is expected to be complete for the 2016 summer season.
