PILLAR: Sustainable
AGENDA DATE: February 11, 2026
COUNCIL DISTRICT(S): 3
DEPARTMENT: Department of Aviation
PRIORITY: Targeted Economic Growth
______________________________________________________________________
SUBJECT
Title
Authorize a development agreement with Hampton Hospitality Limited Partnership for the reimbursement of site preparation costs associated with a proposed hotel development project at Dallas Executive Airport - Not to exceed $2,000,000.00 - Financing: Aviation Construction Fund (subject to appropriations)
Body
BACKGROUND
The Department of Aviation has pursued various development opportunities at Dallas Executive Airport (“Airport”), including both aeronautical and non-aeronautical development. Hampton Hospitality Limited Partnership approached the Department of Aviation with a proposal to lease available Airport property for the development of a new hotel.
The proposed development agreement includes a minimum capital investment of $7,000,000.00 for the construction and development of an approximately 87 room hotel on approximately 168,142 square feet (3.86 acres) of undeveloped land at the Airport along Hampton Dr. The proposed construction is expected to be completed within 24 months of the effective date. The project assumes all required site preparation costs and utility infrastructure costs, which will be reimbursed by the Department of Aviation through the development agreement in an amount not to exceed $2,000,000.00.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
|
Fund |
FY 2026 |
FY 2027 |
Future Years |
|
Aviation Construction Fund |
$0.00 |
$0.00 |
$2,000,000.00 |
OWNER/EXECUTIVE
Hampton Hospitality Limited Partnership
Abdul Karriem, President