Gaylord Texan Resort Unveils Plans for $120M Expansion
GRAPEVINE, TX The spectacular Gaylord Texan Resort has unveiled plans for its upcoming $120 million resort expansion. The project is being completed by property owners Ryman Hospitality Properties, Inc., a lodging real estate investment trust (REIT) specializing in group-oriented, destination hotel assets in urban and resort markets.
The expansion will add 303 guest rooms to the resort's current 1,511-room inventory and will add 86,000 square feet of carpeted meeting space, bringing the total meeting space to approximately 490,000 square feet. Once the expansion is complete, it will be one of the top three largest non-gaming convention center hotels in the United States as measured by total self-contained exhibit and meeting space.
An addition to the existing resort property, the new space will feature a contemporary take on the existing Gaylord Texan design. Keeping to Gaylord's regionally inspired architecture and dÃ©cor, the expansion will be called The Vineyard Tower; with its meeting rooms inside named after the many wine growing regions of Texas.
"Our company has always enjoyed a strong relationship with the city of Grapevine and its leaders, who shared in our vision for Gaylord Texan from day one," said Colin Reed, Chairman and Chief Executive Officer of Ryman Hospitality Properties. "We appreciate Mayor Tate and the City Council's support on this important step forward for the Texan and the City of Grapevine."
"This expansion illustrates Gaylord's confidence in group business demand within our brand," said Gaylord SVP Mike Stengel. "In addition to enhancing our Grapevine destination, the expansion will also be providing 450 construction jobs and several hundred permanent jobs for the community."
Gaylord Texan Resort's expansion is already underway, and is currently booking meetings for the new space for the 2019 calendar year.