Prosper project will bring first hotel to fast-growing city

At the end of last year, there were 176 new hotels in the works for North Texas.

A project planned on U.S. Highway 380 in Denton County stands out.

The Residence Inn by Marriott will be the first hotel in Prosper. The town has seen huge growth over the last couple of decades with thousands of new homes and retail — but, so far, no hotels.

The $26 million Marriott-branded hotel project will be built on the north side of U.S.380, just west of Gee Road. The hotel site is northwest of the new PGA of America headquarters and resort in Frisco.

The hotel location is also close to the new Prosper campus of Cook Children’s Medical Center.

The hotel is a project of Dallas-based Atlantic Hotels.

“We chose the site because it is in the city of Prosper,” Atlantic Hotels CEO Perry Molubhoy said in an email. “This is an important market for our company’s growth.

“Yes, it is also close to PGA and Cook Children’s Hospital,” Molubhoy said. “I see 380 to become the future 121. Once expansion is done it will become more prominent and ease of travel will bring further growth to the city and this corridor.”

The 91,800-square-foot hotel will be designed by Dallas architect Mayse Associates, according to planning documents filed with the state.

Prosper Economic Development executive director Mary Ann Moon confirms it will be the first hotel in the city, which has a population of more than 34,000.

Lynn Dowdle with Dowdle Real Estate brokered the land sale

The 2,000-acre Windsong Ranch community located north of the Atlantic Hotels site is one of North Texas’ largest such projects with plans for more than 3,000 homes.

The area of Prosper along U.S. 380 has seen a recent development boom, with construction of

Read the rest