Miyako breaks ground in Plano for third U.S. location

Miyako has broken ground on a $117.5 million hotel at the former JCPenney headquarters campus in Plano, turning one of the city’s most closely watched redevelopment sites into the first Texas address for Miyako Hotels & Resorts. The Miyako Hybrid Hotel Plano is being developed by Japan-based Kintetsu Group Holdings Co., Ltd. and is planned as a 12-story, 217-room boutique property.

The project matters in Plano because it places a new international brand squarely in a corridor already defined by high-value commercial development, including the Toyota headquarters area, The Park at Legacy and Legacy West. City support has already followed: Plano approved incentives for the hotel in November 2025, reinforcing the city’s interest in keeping the former corporate campus in play as a major hospitality and mixed-use site.

The hotel is expected to open Oct. 1, 2027, giving residents, business travelers and visitors a clear timeline for when the project should begin adding new lodging and dining options to the area. As a new brand-name property, it also signals that Plano remains attractive to companies looking to expand in North Texas, especially near major employers and established retail and office districts.

The Beck Group, which is building and designing the project, says the hotel will include a traditional Japanese restaurant, bakery, banquet space, conference space, and a rooftop bar and pool. Visit Plano says the public spaces will also include a Japanese bakery, traditional Japanese restaurant, lobby bar, fitness center and 24/7 kiosk. Those features place the hotel well beyond a standard roadside lodging build and align it with the upscale hospitality profile already taking shape around Legacy and the former JCPenney site.

Local reporting describes the Miyako Hybrid Hotel Plano as the brand’s third U.S. location, a sign that Miyako is still in expansion mode rather than testing a one-off market entry. For Plano, the payoff is concrete: a $117.5 million investment, a new hospitality anchor at a major redevelopment site and another marker that the city’s restaurant, retail and business corridor continues to draw international capital.