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Toyota Music Factory has a new neighbor.
The AC Hotel by Marriott is located at 335 John W. Carpenter Freeway, just steps from the 8,000-person concert venue. The hotel is expected to open in July 2025, according to documents filed with the Texas Department of Licensing and Regulation. It is expected to cost $18 million.
The number of rooms was not included in the document, but 147 keys were previously reported. If so, that would cost about $122,000 per key.
The 90,000-square-foot hotel tower will have six floors, as well as a restaurant, rooftop bar and more than 3,000 square feet of meeting space, The Dallas Morning News reports.
This hotel is close to the Holiday Inn, Westin Irving Conference Center, Omni Las Colinas and Dallas Marriott Las Colinas.
The development’s neighbor is the Wells Fargo campus, which is set to open next year. The 850,000-square-foot regional campus will include two high-rise office buildings and a parking garage.
Irving-based Whitestone Hospitality is behind the AC Hotel. Founded by Suresh Patel, Whitestone owns more than 20 other hotels and motels in Dallas-Fort Worth. Its portfolio includes Best Western, Motel 6, Choice Hotels, IHG, Hilton, Marriott and Hyatt hotel chains.
AC Hotel by Marriott also has hotels in downtown Fort Worth, downtown Dallas, north Dallas and Frisco.
The AC Hotel in Las Colinas is just one of the hotels to be developed in the area. Loews Hotels is in talks with the Arlington City Council to develop a 500-room hotel. A $750 million Four Seasons hotel is coming to Dallas’ Turtle Creek neighborhood.
Dallas-Fort Worth leads the nation in hotel construction, according to Lodging Econometrics. As of the end of 2023, the Metroplex has 193 projects and more than 22,000 hotel rooms in the pipeline. In the fourth quarter alone, DFW added 14 new hotel projects.
Lodging Econometrics analysts wrote that Metroplex’s pipeline indicates “strong growth and confidence in the hotel industry.”
DFW also ranked No. 1 for projects scheduled to launch within the next 12 months, as well as for the early planning stages of hotel construction. DFW has also contributed significantly to hotel renovation and remodeling trends.
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