Valencia Hotel Group Bringing New Blackstone Hotel to Tyler

(Tyler, Texas) A nearly $50 million investment and new property will soon call downtown Tyler home.

For the past two years, downtown Tyler has experienced significant construction and growth, thanks in part to the new Smith County Courthouse being constructed on the eastern side of downtown.

Beginning this September, the entire downtown square and plaza area will be transformed into a beautiful park and green space, giving downtown Tyler an entirely new feel. The new location will feature improvements to traffic flow, sidewalks, lighting, landscaping, and public space.

As with any major project and redevelopment, there will be growing pains, but these growing pains also draw attention to downtown and attract new business.

Downtown Tyler’s Ongoing Redevelopment

After three years of planning, the City of Tyler announced Wednesday (August 27) that they have moved closer to bringing a full-service hotel to downtown after reaching an agreement with Valencia Hotel Group.

Historic Blackstone Hotel Returns

A development agreement was announced with Valencia to develop the new Blackstone Hotel. This hotel will be constructed near the site of the original Blackstone Hotel, which opened in 1922. The hotel eventually closed and was demolished in 1985.

READ MORE --> See Vintage Video Of The Blackstone Hotel Being Demolished In Tyler

What the New Hotel Will Include

The new hotel will feature 140 guest rooms, 5700 square feet of meeting space, and will have premium amenities for conferences, community events, weddings, and other events.

Timeline and Investment Details

The Valencia Hotel Group will be investing $47.7 million into this project, with other incentives being offered by the City of Tyler. According to KETK, construction is expected to take three and a half years and will begin immediately. The agreement with the city states construction must begin within three years, and the hotel must be operational by January 1, 2028.

The hotel will be built on the site where the former Regions Bank lobby once stood in downtown Tyler before its demolition, according to CBS 19. This new hotel will definitely change the face of downtown Tyler as the entire area continues to go through a major transformation.