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Fort Worth: Omni Hotel to Gain 400 More Rooms in a High-Rise Addition

Featured Illustration (above): A conceptual rendering of Omni Fort Worth Hotel’s 400-guest-room high-rise addition (right). Image: Omni Fort Worth Partnership

Posted: 4-8-20

By Edmond Ortiz

Fort Worth (Tarrant County)–The Omni Fort Worth Hotel will be expanded by 400 guest rooms in a separate tower within the next three years, according to a Chapter 380 economic development agreement recently approved by the city.

City Council on March 19 authorized the pact with Omni Fort Worth Partnership, L.P. The additional 400 rooms will be contained in a high-rise on a lot bound by Houston, West 14th and Throckmorton streets, and Lancaster Avenue.

The new tower, an annex to the main 34-story hotel, will contain 50,000 square feet of combined meeting space that may include ballroom, conference, boardroom or other event space.

After completion of work, the Omni Hotel will have a total of 1,008 guest rooms. The project will require demolition of a former Tarrant County College District office. The hotel is located across from the Fort Worth Convention Center.

The Omni Fort Worth Hotel expansion will replace a former Tarrant County College District office building. Image: Omni Fort Worth Partnership

According to the agreement, the developer must invest a minimum of $174 million toward total development costs, including at least $110 million in hard construction costs. Construction must be completed by Dec. 31, 2023.

The developer will be required to spend 15% of aggregate hard and soft construction costs with contractors who are certified M/WBE.

The city will provide the project with a one-time cash grant of $40 million in revenue bonds.

The developer has not yet given an estimated construction start time or a delivery method. VBX members may track this project using ID number: 2020-2CF5.


edmond@virtualbx.com

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By |2020-04-09T14:31:28-05:00April 8th, 2020|Construction Preview, Feature Story|

About the Author:

Edmond Ortiz is a lifelong San Antonian and a 20-plus-year veteran in local journalism, He previously worked full-time at the San Antonio Express-News, and has been freelancing for outlets such as the Rivard Report.

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