Great Lakes Capital & NFM Break Ground on Cedar Park Marriott Hotel and Convention Center

Great Lakes Capital and NFM have broken ground on a new full-service Marriott hotel and convention center in Cedar Park, Texas. The project features a 297-room hotel, 30,000 sq ft of event space, a restaurant, and a pool area. Construction is expected to conclude in Q1 2027, marking a significant step in establishing Cedar Park as a regional hub for economic growth and tourism.

Great Lakes Capital and Nebraska Furniture Mart (NFM) have initiated construction on a new full-service Marriott hotel and convention center in Cedar Park, Texas. The project, which marks a significant milestone for the city, is set to transform Cedar Park into a vibrant regional hub for economic growth and tourism.

The 300-room hotel, part of the CedarView development, will feature a state-of-the-art design with approximately 297 guest rooms, a 30,000-square-foot event and meeting space, a full-service restaurant, a breakfast café, and an expansive pool area. The project is expected to be completed by the first quarter of 2027.

The groundbreaking ceremony was attended by Ryan Rans from Great Lakes Capital, Cedar Park Mayor Jim Penniman-Morin, NFM Chief Strategy & Development Officer Jeff Lind, and Srinath Kasturi, Executive Vice President with Cadence McShane Construction, the general contractor on the project. Each speaker expressed excitement and optimism about the project's potential to enhance the development of CedarView and boost Cedar Park's economy.

"The development of this hotel and convention center in CedarView underscores our commitment to creating vibrant, connected communities that elevate the standard of hospitality," said Ryan Rans, Managing Partner at Great Lakes Capital. "We focus on high-growth, underappreciated markets. This is exactly where we want to be operating, where we have great community partners, strong fundamentals, and leadership with a long-term view."

"This isn't just about new development. It's about delivering on a promise to our community. We're putting Cedar Park on the map as a premier destination for meetings, events, and hospitality," said Cedar Park Mayor Jim Penniman-Morin.

The City of Cedar Park is excited about the realization of a long-standing strategic goal—a full-service hotel and convention center that will serve the community and attract visitors. The partnership between the city, NFM, and Great Lakes Capital has been instrumental in bringing this impressive Marriott project to life.

Great Lakes Capital, with over $1 billion in assets under management, specializes in mixed-use, multifamily, hospitality, industrial, and medical office developments. The company focuses on high-growth, underappreciated markets, making Cedar Park an ideal fit for their investment strategy.

NFM, founded in 1937, is one of the nation's largest home furnishings retailers. With locations in Omaha, Des Moines, Kansas City, and Dallas-Fort Worth, NFM is expanding its footprint with a new location under construction in Cedar Park.

This development is expected to serve as a catalyst for further growth and development in Cedar Park, providing an unmatched venue for events, conferences, and everyday leisure. The hotel and convention center will not only attract visitors but also create job opportunities and stimulate local economic activity.

References:
[1] https://www.morningstar.com/news/pr-newswire/20250513cg85651/great-lakes-capital-nfm-break-ground-on-300-key-highly-curated-full-service-marriott-hotel-development-in-cedar-park-texas