The City of Plano has approved incentives for the construction of the $82 million hotel project which will be built in the new Legacy West development on the Dallas North Tollway.

The 300-room Renaissance Hotel will be built on Legacy Drive just west of the tollway.

The hotel project has the backing of the family that owns the hugely successful Sam Moon retail firm.

The project will also include 26,200 square feet of conference space.

Plano’s city council approved a $4 million economic grant to support the new hotel which is to be located in the same area where Toyota is building its new North American headquarters.

The hotel is part of the 240-acre Legacy West development which will kick off in February with the construction of retail, apartments and office space.

The Renaissance will be the second new full-service hotel planned for West Plano.

 In August a 299-room Hilton opened in the Granite Park project at the southeast corner of the tollway and State Highway 121