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Prosper Town Council to Review Development Agreement for New Hotels

The Prosper Town Council will consider authorizing the Town Manager to execute a development agreement with Peach Tree Group of Investment Inc. for a Hilton Garden Inn and Homewood Suites project.

Xenia Yoder

July 15, 20261 min read

Prosper Texas reviews permits, bills, and city agenda items - Illustration Jake Team LLC
Prosper Texas reviews permits, bills, and city agenda items - Illustration Jake Team LLC

Council Action

The Prosper Town Council is scheduled to review a proposal during its July 14, 2026 meeting.

The agenda item requires council members to consider and act upon authorizing the Town Manager to execute a development agreement.

Project Details

The proposed contract involves Peach Tree Group of Investment Inc. and the Town of Prosper.

The development will include a Hilton Garden Inn and a Homewood Suites location. The agenda lists the item under reference DEVAGRE-26-0006.

Contract Review

Council members will vote on whether to grant the Town Manager the authority to sign the document.

The outcome of this action will finalize the authorization process for the hospitality project.

References

Town Council Meeting (2026-07-14). Retrieved from https://prospertx.new.swagit.com/videos/393511

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Xenia Yoder

Xenia Yoder writes about community life, schools, public safety, and local events in Prosper.

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