Conroe - Montgomery Edition | January 2023

DEVELOPMENT

Top development stories to watch in 2023

The Hyatt Regency Conroe Hotel and Convention Center to open in May

OTHER STORIES TO FOLLOW IN 2023

The Hyatt Regency Conroe Hotel and Convention Center is anticipated to open in 2023 in Grand Central Park.

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BY PEYTON MACKENZIE

The Hyatt Regency Conroe Hotel and Convention Cen- ter, which has been in the works since 2015, is anticipated to be complete by May 2 at 1001 Grand Central Parkway, according to Conroe Director of Finance Collin Boothe. However, weather delays and material supply chain issues may cause a minor change to the completion date, he said. According to previous Community Impact reporting, the hotel budget grew from $92 million to $107 million. Boothe said the project’s cash ow to the city is estimated to be $71 million over 28 years. Conroe Mayor Jody Czajkoski said the hotel creates opportunities for other businesses to bring jobs. “It’s a proven model. The Woodlands built their conven- tion center and hotel, and look what sprung up next to it,” he said. “Now we can bring larger conventions [to Conroe].” The seven-story hotel consists of 250 rooms, a tness center, a pool and other amenities, such as a full-service restaurant. “Out-of-town visitors spend money in the local economy on retail, restaurants, fuel, lodging and night- life, which supports local jobs and businesses,” Boothe said in a Dec. 20 email. “The project will also generate hotel occupancy tax revenue, sales tax revenue and mixed-beverage tax revenue.”

CITY CENTRAL AVE.

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Gringo’s to build Conroe location in 2023

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BY CASSANDRA JENKINS

Gringo’s Tex-Mex broke ground at I-45 and Drennen Road as of early January. The eatery was slated to open in late 2022, per a December 2021 release, but Chief Marketing Ocer for Gringo’s Heather McKeon said in a Dec. 27 email the company plans to open in late fall. McKeon said construction was not delayed. “We have had other projects that have taken priority,” she said in an e-mail. The rest of the 115-acre tract at the Conroe Waterfront Center where Gringo’s will be is expected to see 300 high-end apartments and a second multifamily project in 2023, according to NewQuest Properties.