Great Lakes Capital & NFM Announce 300-Key Highly-Curated Full-Service Marriott Hotel Development in Cedar Park Texas

This dynamic project will feature a state-of-the-art hotel with approximately 300 guest rooms, a 30,000-square-foot event and meeting space, a full-service restaurant, a breakfast café, and an expansive pool area. With its luxurious amenities and thoughtfully designed spaces, the hotel is set to become a centerpiece for CedarView and a key destination for business and leisure travelers alike.

"The development of this hotel and convention center in CedarView underscores our commitment to creating vibrant, connected communities that elevate the standard of hospitality," says Ryan Rans, Managing Partner at Great Lakes Capital. "We are thrilled to partner with NFM and the City of Cedar Park to bring this transformative project to life."

The project marks another milestone in GLC's strategy of partnering with visionary organizations to deliver high-impact developments. "This hotel and event space will offer a critical resource for Cedar Park and the greater Austin area," said Ryan Blumkin, Executive Vice President of NFM. "We are excited to collaborate with GLC and the City of Cedar Park to create a destination that blends convenience, sophistication, and community."

The hotel will anchor the CedarView development, which is poised to be a dynamic hub of commerce, leisure, and lifestyle offerings. This project exemplifies GLC's focus on creating curated, highly activated developments that enhance local communities while delivering premier hospitality experiences.

"The City of Cedar Park is excited to see the realization of a long-standing strategic goal—a full-service hotel and convention center that will serve our community and attract visitors. Our partnership with NFM and Great Lakes Capital has been instrumental in bringing this impressive Marriott project to life, further establishing the CedarView development as a premier vibrant, regional destination for economic growth and tourism," said Brenda Eivens, City Manager of Cedar Park.

Construction is slated to begin May 2025 with an anticipated opening first quarter 2027. The new hotel and event space will serve as a catalyst for further growth and development in Cedar Park, providing an unmatched venue for events, conferences, and everyday leisure.

About Great Lakes Capital:
Great Lakes Capital is a real estate development and private equity firm uniquely positioned to add value to real estate investments through development and opportunistic investment across the real estate spectrum and throughout the capital structure. Headquartered in Indiana, with over $1 billion in assets under management and development, GLC concentrates on several core asset classes, including mixed-use, multifamily, hospitality, industrial, medical office and other similar product types. As a market leader in new development, GLC actively addresses the needs of tenant partners in addition to speculative development meeting needs the market has not yet reacted to. For more information, please visit: www.greatlakescapital.com

About NFM
Nebraska Furniture Mart, as originally named, was founded by Rose Blumkin in 1937 in the basement of her husband's pawn shop in Omaha, Nebraska. In 1983, investor Warren Buffett purchased a majority interest in NFM and made it part of the Berkshire Hathaway family of companies. Today, NFM is one of the nation's largest home furnishings retailers, selling furniture, flooring, appliances and electronics. NFM currently has locations in Omaha, Nebraska, Des Moines, Iowa, Kansas City, Kansas and Dallas-Fort Worth, Texas with a planned fifth location in Cedar Park, Texas a suburb of Austin. For more information on NFM, visit www.nfm.com.

SOURCE Great Lakes Capital