New Luxury Hotel, Conference Center Planned in Metro Dallas

FLOWER MOUND, TEXAS — New Era Hotels & Resorts and Sunset Legacy LP plan to develop a 12-story, 220-room luxury hotel and conference center overlooking Lake Grapevine in Flower Mound. The development, which will be called The Pearl on the Peninsula Hotel & Conference Center, will overlook the Grapevine Lake from 40-foot bluffs. It will be the centerpiece of the southern 25-acre peninsula, which is part of the 150-acre mixed-use development, Lakeside DFW. The Tarwater and Stewart families, who have collectively owned the property since the 1890s, are driving the development of The Pearl on The Peninsula Hotel & Conference Center. The Flower Mound Town Council approved a measure that will assist New Era Hotels & Resorts in developing the hotel and conference center. The 12-story hotel will include a 32,000-square-foot conference center. The developer plans to seek LEED certification. Tarwater and New Era Hotels & Resorts are leading the development effort and DePalma Hotels & Resorts will manage the property. The project team includes Merriman Associates/Architects, TBG (landscape design), Duncan, Miller, Ullmann Design (interior design), Gateway Planning (master planning) and Kimley-Horn (engineering). Balfour Beatty is acting as design builder.