GRAPEVINE’S GAYLORD TEXAN RESORT TO UNDERGO $120 MILLION EXPANSION
GRAPEVINE, TEXAS (January 21, 2016) -Gaylord Texan Resort in Grapevine, TX announces a $120 million expansion which will include 300 additional rooms and 86,000 square feet of meeting space, bringing the property's totals to 1,811 rooms and more than 490,000 square feet of meeting space. The expansion was announced by Ryman Hospitality Partners, Inc, a lodging and real estate investment trust, specializing in group-oriented, destination hotels in urban and resort markets on January 20.
The expansion, expected to be complete in 2018, will include 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. In addition, a $5 million expansion of the resort pool complex, Paradise Springs, is expected to be complete in time for summer 2016.
Upon completion, the expansion will also make Grapevine's Gaylord Texan Resort the second largest non-gaming convention center hotel in the United States, as determined by total self-contained exhibit and meeting space. It will be the largest Resort Convention Hotel in Texas.
The City of Grapevine provided a $10 million incentive to the project.
"This investment at Gaylord Texan is also a continued investment in Grapevine and its citizens," said Grapevine Mayor William D. Tate. "We look forward to its completion and the additional visitors that will visit our city as a result."
Historic Grapevine is the premier convention and leisure destination in North Texas. Grapevine, centrally located between Dallas and Fort Worth, provides visitors a sophisticated escape from the big city. Grapevine is home to 20 hotel properties, 900,000 square feet of meeting space and more than 5,400 hotel rooms with 15,000 rooms available within 15 minutes of the city. Visitors will enjoy Grapevine's superior meeting facilities, seminar spaces, dining options, winery tasting rooms and opportunities for shopping in Grapevine's Historic Downtown, Grapevine Mills, Bass Pro Shops, Grapevine Towne Center and more.
For more information about Grapevine, call the Grapevine Convention & Visitors Bureau at 800-457-6338 or 817-410-3185 or visit www.GrapevineTexasUSA.com.