The construction of a new hotel will support many Dallas construction jobs.
Magnolia Lodging Development is planning to build a new Home 2 Suites by Hilton on 3 acres of land near Stonebriar Centre Mall in Frisco, a suburb located about 28 miles from Dallas. The development company is locally-based.
The new four-story project will be located near State Highway 121 and Parkwood Boulevard. Although the exact details of the development and construction costs were not released, Home 2 hotels generally cost anywhere from $12 million to $15 million to develop, according to the Dallas Business Journal.