ALLEN (GlobeSt.com) – The city council has approved a development agreement with TCH Altera LLC for an $85-million convention-hotel project that will include 290 guest rooms, a 64,500-sf convention center and a 1,000-car parking garage.
The Convention Center at Watters Creek will be at Bethany Dr. and North Central Expy.
TCH will receive an initial $12.3 million toward capital investment in the project and announce the hotel brand in the next month. The Allen Economic Development Corporation will contribute around 6.75 acres that it has owned since the '90s.
TCH plans to break ground this summer and finish in time for a January 2017 opening.
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