Dallas Stars Owner Gets Frisco's OK to Buy Land for Upscale Hotel

Dallas Stars owner Tom Gaglardi got permission from the City of Frisco Tuesday to buy nearly four acres of city-owned land at a cut rate in exchange for a commitment to build a 300-room full-service hotel. With no discussion and by unanimous vote, the Frisco City Council approved a plan to sell 3.7 acres to Northland Developments Texas Inc. for the development of a Sutton Place hotel. That Canadian-based brand is part of Gaglardi's Sandman Hotel Group. It could be the first Sutton Place hotel in the U.S. and the land would cost Northland $1.13 million.The land is part of a 14.5 plot the City of Frisco and the Frisco Community Development Corporation jointly own at the northeast corner of Dallas Parkway and Ikea Drive. The plot was purchased in 2013 for $6.5 million.   Continue reading...