Phase One will include 420 guest suites in a variety of configurations and styles, 170,000 square feet of indoor and outdoor waterpark amenities, and a 20,000 square-foot family entertainment center for a combined total project cost of $170 million. Future phases of construction will add 200 vacation ownership hotel condominium units, 400 additional guest suites and waterpark expansion for total project cost of approximately $330 million. Construction is scheduled to begin in early to mid-2017.
The property will be located on 33 acres of Grapevine's 185 acre development which is adjacent to Grapevine Mills, Bass Pro Outdoor World, LEGOLAND® Discovery Center, SEA LIFE Grapevine Aquarium, the recently-opened Round One Entertainment and the recently-announced Fieldhouse USA.
Upon completion, the new property will create more than 1,000 jobs annually in the Grapevine area. During the construction phase, more than1,500 jobs will be created and the community is expected to see $157 million in direct and indirect economic impact, including all types of spending by construction workers and material suppliers within the community with real estate services, retail, food service, health care and more. Upon completion, the property is expected to have an economic impact of more than $100 million in direct and indirect or induced economic impact to the county and region in its first year of operation.
"We are very excited to be working with the City of Grapevine and announce the development of a world-class indoor/outdoor waterpark resort," said Pete Helland, managing partner of Stand Rock Hospitality. "The addition of this first rate indoor waterpark resort will further benefit the area through pre-and post-opening job creation, hotel tax, and additional visitors and drawing additional tourism dollars to the area that further support surrounding businesses."
"Grapevine is thrilled to welcome Stand Rock Hospitality as our newest community partner and as a key player in our tourism industry," said Grapevine Mayor William D. Tate. "We look forward to a long and exciting relationship and welcoming additional guests to Grapevine at this outstanding resort."
The Stand Rock Hospitality development will be the third waterpark resort in Grapevine, joining Great Wolf Lodge and Gaylord Texan Resort's Paradise Springs.
The developer and management company, Stand Rock Hospitality, has a long and successful legacy in the hotel and indoor and outdoor waterpark and entertainment industry. Based in Wisconsin Dells, Wis., the "Waterpark Capital of the World," Stand Rock Hospitality's ownership group brings substantial experience, among them the former owner and operator of America's Largest Outdoor Waterpark, Noah's Ark. In addition to developing and managing the 716 key Wilderness at the Smokies in Sevierville, Tenn., and the 453-room Camelback Lodge and Aquatopia Indoor Waterpark in the Pocono Mountains, PA., Stand Rock Hospitality helped develop and is co-owner of the largest indoor waterpark resort property in the U.S., Wilderness Resort in Wisconsin Dells, WI. For more information, visit www.standrockhospitality.com.
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 11,000 rooms available within 15 minutes of the city. Visitors 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 and Grapevine Towne Center. Grapevine is home to dynamic accommodations and attractions including Gaylord Texan Resort, Great Wolf Lodge, Round 1 Entertainment, Fieldhouse USA, LEGOLAND® Discovery Center, SEA LIFE Grapevine Aquarium, Grapevine Vintage Railroad, award-winning annual festivals and events and more. For more information, call the Grapevine Convention & Visitors Bureau at 800-457-6338 or 817-410-3185 or visit www.GrapevineTexasUSA.com.