Plano hotel brings first Miyako Hotels & Resorts to Texas in 2027

Plano’s Legacy corridor is getting a new kind of draw: the 12-story Miyako Hybrid Hotel, the first Miyako Hotels & Resorts property in Texas and only the third in the United States. The project is set for a late-2027 opening near Legacy Drive and Communications Parkway, on land that was once part of the former JCPenney corporate campus.

The $117.5 million boutique hotel is being developed by Japan-based Kintetsu Group Holdings through Miyako Hotels & Resorts and will add 217 guestrooms to northwest Plano. The company’s brand dates to 1890, and its portfolio now includes 23 properties across Japan and the United States, with existing U.S. hotels in Torrance and Los Angeles, California.

For Plano, the project lands in one of its most economically sensitive districts. The Legacy area already concentrates major employers, mixed-use development and destination retail, and the hotel is expected to strengthen that ecosystem by pulling in more corporate travelers, regional visitors and diners. Restaurants and businesses near Legacy Drive and Communications Parkway are likely to feel the earliest effect, along with office users tied to the broader Legacy submarket.

The hotel is also part of a larger redevelopment story on the former JCPenney campus, where earlier plans included offices, apartments, retail, restaurants and the Miyako property itself. Kintetsu acquired the land in 2019, turning the site into one of the most watched redevelopment tracts in Collin County.

Plano leaders have already put public incentives behind the project, approving tax rebates and annual support for marketing and tourism efforts. That backing reflects the city’s effort to keep international business travel flowing into Plano, where Japanese companies have long been part of the local corporate mix.

Construction began in the fall, and the building phase now positions the hotel as a visible marker of where the city’s hospitality market is headed. With Japanese-inspired design, rooftop dining and a bakery planned for the property, the Miyako Hybrid Hotel is set to give Plano a higher-end option for overnight stays and business entertaining well beyond its opening in late 2027.