A new chapter in Plano’s international business story is unfolding as the city officially welcomes the state’s first Miyako Hybrid Hotel, a luxury Japanese property that blends cultural elegance with sustainable design.
A Boost For Business And Tourism
At its Oct. 27 meeting, the Plano City Council approved a pair of agreements supporting the hotel’s development through annual tax rebates and marketing funds. The move, city leaders say, underscores Plano’s growing reputation as a hub for international business and hospitality.
“Plano is proud to be home to more than 40 Japanese companies, including the North American headquarters of Toyota Motor and NTT DATA,” Director of Economic Development Doug McDonald told Local Profile. “The new Miyako Hotel is a prestigious addition to our community, bringing a distinguished cultural brand with deep roots in Japan and only two other locations in the United States. As the first Miyako Hotel in Texas, it will further strengthen the long-standing business and cultural connections between Plano and Japan.”
Under the approved economic development incentive agreement, the city will refund 50% of the property taxes paid on the building for 10 years beginning Jan. 1, 2028. A separate hotel occupancy tax grant will provide Kintetsu Group Holdings, the hotel’s developer, with $70,000 annually for five years starting in 2028, to bolster tourism and convention activity.
Photo: Gensler
A Landmark In Legacy
Construction is already underway on the $117.5 million project, which will rise within The Park at Legacy, a district anchored by global employers and bustling entertainment venues. Kintetsu Group Holdings, which purchased a portion of the former JCPenney campus in 2019, is developing the 12-story, 217-room boutique hotel.
Designed by Gensler with interiors by Looney & Associates and construction led by The Beck Group, the roughly 205,000-square-foot property will emphasize energy efficiency and sustainable building practices, hallmarks of the “hybrid” hotel concept.
Blending Cultures Through Design
When it opens in fall 2027, the Miyako Hybrid Hotel Plano will offer guests a taste of Japan with modern Texas touches. Amenities will include a traditional Japanese restaurant, an upscale lobby bar, a Japanese bakery and a rooftop bar. Visitors will also find a Japanese spa, outdoor pool, fitness center and flexible event spaces designed for business gatherings and community celebrations.
“This addition is more than just a hotel,” McDonald said. “It is an amenity that supports our existing Japanese companies, enhances our ability to attract future investment and provides a unique hospitality experience for our residents and their families to enjoy.”
With the project now underway, Plano’s newest luxury addition aims to serve as a cultural bridge, honoring the city’s deep Japanese business ties while offering residents and visitors a destination unlike anything else in North Texas.
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