McKinney, Texas, January 14, 2026
The construction timeline for the JW Marriott Resort at Craig Ranch in McKinney has been adjusted, with groundbreaking now set for 2027 and completion anticipated in 2029. This luxury hotel, a $325 million project, is expected to enhance local hospitality offerings and stimulate economic growth in the area, with substantial amenities including conference spaces and dining options.
JW Marriott Resort Construction Timeline Adjusted in McKinney
Luxury hotel expected to boost local economy with new amenities
McKinney, Texas, is set to welcome the long-awaited JW Marriott Resort at Craig Ranch, although the construction timeline has been adjusted. Groundbreaking for the luxury hotel is now anticipated in 2027, with completion expected in 2029. This timeline shift follows an amendment approved by the McKinney City Council, granting the developer additional time to secure the necessary financing for the $325 million project.
The JW Marriott Resort will be situated on an 8-acre site at the northeast corner of Collin McKinney Parkway and Van Tuyl Parkway. It aims to enhance McKinney’s hospitality scene, ultimately attracting visitors and generating a positive economic impact on the local economy as it joins various other ventures in the robust real estate market of North Texas.
Key Details of the JW Marriott Resort Project
Initially, construction was slated to begin by December 31, 2026, and conclude by April 30, 2029. The project will now begin by April 30, 2027, and is expected to end by August 31, 2029. Craig Ranch Luxury Hotel SPE Owner LP, the developer, requested this extension to finalize the equity financing required for development.
Prominent Features of the Hotel
Once completed, the JW Marriott Resort is set to offer an impressive array of amenities. This 290-room hotel will feature over 50,000 square feet of conference space, a fitness center, multiple dining options, and 45 for-sale condominiums. These features are designed not only to attract leisure travelers but also to cater to business events and meetings, which can significantly contribute to local economic activity.
Collaborative Efforts and Financial Support
This ambitious project is a collaboration among Ashford Inc., Craig International, and Horizon Capital Partners. The local government’s role in supporting the development has been significant, with financial incentives including a $10.25 million loan and a $25 million grant from the McKinney Community Development Corporation. These incentives account for approximately 10.8% of the overall project cost, reflecting a caring community’s investment in transformative developments.
Anticipated Economic Impact on McKinney
The JW Marriott Resort is anticipated to significantly boost McKinney’s hospitality offerings, positioning the area as a premier destination for both business and leisure travelers. By providing additional accommodations and meeting venues in a growing market, the project supports job creation and promotes the broader Dallas County economy. Local entrepreneurs will have opportunities to thrive as increased tourism translates into enhanced foot traffic and business potential.
Conclusion
The adjusted timeline for the JW Marriott Resort at Craig Ranch reflects the ongoing commitment of local developers and the city to enhance McKinney’s economic landscape. As we look forward to the groundbreaking in 2027 and the hotel’s expected opening in 2029, residents and stakeholders alike should take pride in this substantial investment. Community support and engagement in upcoming projects like this are crucial in fostering a thriving economic environment in McKinney and the surrounding areas.
Frequently Asked Questions (FAQ)
What is the new construction timeline for the JW Marriott Resort at Craig Ranch?
The construction is now expected to begin by April 30, 2027, and complete by August 31, 2029.
What amenities will the JW Marriott Resort offer?
The resort will feature 290 guest rooms, over 50,000 square feet of conference space, a fitness center, multiple dining options, and 45 for-sale condominiums.
Who are the developers behind the JW Marriott Resort at Craig Ranch?
The project is a collaboration between Ashford Inc., Craig International, and Horizon Capital Partners.
What financial incentives have been approved for the project?
The McKinney Community Development Corporation has approved a $10.25 million loan and a $25 million grant, totaling approximately 10.8% of the total estimated project cost.
Where will the JW Marriott Resort be located?
The resort will be situated on an 8-acre site at the northeast corner of Collin McKinney Parkway and Van Tuyl Parkway within the Craig Ranch community in McKinney, Texas.
Key Features of the JW Marriott Resort at Craig Ranch
| Feature | Details |
|---|---|
| Location | 8-acre site at the northeast corner of Collin McKinney Parkway and Van Tuyl Parkway, McKinney, Texas |
| Guest Rooms | 290 |
| Conference Space | Over 50,000 square feet |
| Fitness Center | Yes |
| Dining Options | Multiple, including a three-meal restaurant and a specialty restaurant |
| For-Sale Condominiums | 45 |
| Developers | Ashford Inc., Craig International, Horizon Capital Partners |
| Financial Incentives | $10.25 million loan and $25 million grant from McKinney Community Development Corporation |
| Construction Start | April 30, 2027 |
| Construction Completion | August 31, 2029 |
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