FRISCO, Texas
Dallas-based hotel developer Sam Moon Group and the city of Frisco broke ground on the Hyatt Regency Stonebriar at the Stonebriar Centre on May 9, 2018. The 18-story, 303-room hotel will feature a parking garage, conference center and city library. Brasfield & Gorrie is the contractor on the project.
The Hyatt Regency Stonebriar will be attached to the Stonebriar Centre mall on the second floor.
The project features a 54,585-square-foot conference center including a grand ballroom, junior ballroom and additional breakout spaces; an 800-space parking garage, of which 200 spaces will be available for game-day parking at the nearby Dr Pepper Ballpark; and a 3,000-square-foot Frisco Public Library.
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The Frisco Public Library will be available for use by hotel visitors and city residents.
“We’re fortunate to partner with Sam Moon Group, which is bringing quality and creativity to this state-of-the-art development,” said Mayor Jeff Cheney. “This public-private partnership represents Frisco’s commitment to reinvest in Stonebriar Centre, long considered Frisco’s first economic engine dating back to 2000 ... We’re also excited to offer additional space for our Frisco Public Library, already a popular destination.
“This ‘micro’ library will cater to preschoolers through second graders,” Cheney added. “We’re confident our residents, visitors, and conventioneers will enjoy the convenience of having a high-end Hyatt Regency Stonebriar, a conference center and library space connected to our mall.
"Lifestyles are changing and this project promotes a new way of living, visiting and doing business in Frisco.”
Funding the Hyatt Regency Stonebriar Project
The public-private partnership agreement calls for the City of Frisco and its development corporations, which are supported by a half-cent sales tax, to contribute a total $16.5 million to the project over a 20-year period.
Specifically, the Frisco Community Development Corporation will provide $3 million; the Frisco Economic Development Corporation will commit $3 for infrastructure, and the City of Frisco will spend $10.5 million to buy the conference center when construction is finished.
The Moon Hotel Stonebriar, Ltd. is responsible for all cost overruns, as well as maintenance and operations. Moon Hotel Stonebriar, Ltd. will lease the publicly owned conference center space from the City of Frisco for $10,000 each year. The partnership also provides 3,000 square feet of space to be used by the Frisco Public Library. The city will pay for the library “finish out” construction as well as utilities.
The City of Frisco will lease the library space for $1 each year for 20 years.
Hotel Design Details and Nearby Attractions
The Hyatt Regency Stonebriar’s design will aim to evoke a genuine Texas flavor created with subtle textures, warm colors and tactile natural materials, all softly tailored and balanced for a timeless look.
“We appreciate the opportunity to continue our relationship with Sam Moon Group and build on the success of our previous work in the Dallas area,” said Brasfield & Gorrie VP and Division Manager Jason Weeks. “We look forward to bringing Sam Moon Group's vision for this project to completion in 2020.”
This luxury hotel will offer sweeping views of Frisco. Many visitors to the area are traveling to attend various conventions at local venues, sporting events or amenities such as iFly Dallas indoor skydiving, IKEA furniture store, Stonebriar Centre mall and the National Videogame Museum.
The Hyatt Regency Stonebriar project is aiming for a completion date in the first quarter of 2020. Among the Dallas-based Sam Moon Group’s hotel projects are the Renaissance Legacy Plano in Plano, Texas; Hyatt Place Alliance in Fort Worth, Texas; and Metropark Square in The Woodlands, Texas trade area.
