The Grand Hotel

What The Grand Hotel does

The Grand Hotel & Ballroom is a privately held, 45-room historic boutique hotel located at 114 W Louisiana Street in Historic Downtown McKinney, Texas, operating within the Wells Group family of brands owned by Rick and his wife Robbin since spring 2021. Built in 1885 by the Heard Brothers and originally serving as McKinney's Opera House, the property combines lodging across six room types (Standard, Junior Suite, Owner's Suite, Presidential Suite, Double Room, and The Grand Annex extended-stay suites at 205 W Louisiana) with approximately 4,100 square feet of event space across the Grand Ballroom, Rick's 110, the Wine Room, the Library, and Chef Dre's Dining Room at Harvest at the Masonic.

The hotel generates revenue through three primary streams: room bookings (direct via the website booking engine and through OTAs including Expedia), event venue rental and catering anchored by weddings and corporate groups, and on-site food and beverage through Rick's Chophouse (a 4-rated steakhouse on the ground floor) and Harvest at the Masonic (a farm-to-table restaurant sourcing ingredients within a 150-mile radius from the owners' Water Boy Farms). Go-to-market is direct-to-consumer for individual leisure and business travelers, supplemented by a dedicated event sales team handling wedding room blocks, corporate meetings, and social occasions; a wedding coordinator with 17+ years of experience is a central sales asset. Customer segments span wedding parties and corporate groups (primary), leisure travelers, and extended-stay guests, with the latter served by the Grand Annex's kitchenette-equipped suites.

Operationally, the business is asset-heavy and labor-intensive: 31 employees support rooms operations, two restaurants, and five event venues, with no external institutional investors, no disclosed funding rounds, and no AI or technology differentiation beyond standard boutique hotel infrastructure (online booking engine, Wi-Fi, business center, fitness center). Distribution mixes direct website and phone reservations with OTA presence, while marketing emphasizes the property's 1885 heritage, downtown walkability, and integrated dining and event experience. The company is privately owned with no stock symbol and no public revenue disclosures.

Name

The Grand Hotel

Legal name

The Grand Hotel & Ballroom

Website

https://grandhotelmckinney.com

Company type

Private

Founded year

1885

Operating status

Operating

Headcount range

11–50 employees

Short description

The Grand Hotel & Ballroom is a privately owned, 45-room historic boutique hotel and event venue (built 1885) in downtown McKinney, Texas, serving wedding parties, business travelers, and leisure guests with on-site dining and 4,100 sq ft of event space.

Ownership category

akta.pro rank

Product category

Boutique Hotels

NAICS

Hotels (except Casino Hotels) and Motels (72111)

SIC

Hotels & Motels (7011)

akta.pro primary industry

Historic/Heritage Conference Hotels (THAGALAL)

akta.pro secondary industries

Boutique Resorts (Small-Scale Resorts) (THAGADAJ), Hotel & Resort Restaurants (THAFACAH), Hotel & Resort Convention Venues (Convention Hotels) (THAHAAAC)

Keywords

• Boutique hotel accommodations
• Wedding event venues
• Historic hotel lodging
• Farm-to-table dining
• Extended stay suites

Headquarters

HQ city

McKinney

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Hotel Accommodations: The hotel generates revenue through room bookings across six room types: Standard Rooms (28 rooms at 350 sq ft), Junior Suites (2 at 415 sq ft), Owner's Suite (565 sq ft), Presidential Suite (685 sq ft), Double Rooms (212 sq ft with 2 queen beds), and Extended Stay Suites at The Grand Annex (5 suites at 400 sq ft). Rooms accommodate 2-4 guests with various amenities.
2. Event Venue Rental: The hotel offers four event spaces totaling 4,100 sq ft including the Grand Ballroom (2,500 sq ft), Rick's 110 (875 sq ft), Wine Room (429 sq ft), and Library (322 sq ft). Additional venue access includes Chef Dre's Dining Room at Harvest at the Masonic. Revenue from venue rental, catering, and event management services.
3. Food and Beverage: On-site dining includes Rick's Chophouse (steakhouse on ground floor, rated 4-star) and Harvest at the Masonic (farm-to-table restaurant). Room service available Monday-Saturday 6:30 AM-9:30 PM, Sunday Champagne Brunch 10 AM-2 PM. Rick's Bar & Lounge features live music Friday and Saturday 7 PM-11 PM.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

The Grand Hotel & Ballroom is a historic boutique hotel (built 1885) in downtown McKinney, TX that sells overnight accommodations across six room categories (Standard Rooms, Junior Suites, Owner's Suite, Presidential Suite, Double Rooms, and Grand Annex Extended Stay Suites), on-site dining at Rick's Chophouse and Harvest at the Masonic, and event venue rentals spanning the 2,500 sq ft Grand Ballroom and four additional private event spaces totaling 4,100+ sq ft.

Product overview

The Grand Hotel & Ballroom is a historic boutique hotel built in 1885, offering a unified hospitality experience combining accommodations, dining, and event venues. The property features 45+ guest rooms across six room types (Standard Room, Junior Suite, Owner's Suite, Presidential Suite, Double Room, and The Grand Annex Extended Stay Suites) and operates two on-site restaurants—Rick's Chophouse (steakhouse) and Harvest at the Masonic (farm-to-table). The hotel provides approximately 4,100 sq. ft. of event space across five venues: the Grand Ballroom (2,500 sq. ft.), Rick's 110, Wine Room, Library, and Chef Dre's Dining Room. Additional amenities include room service (catered by Rick's Chophouse), a 24-hour fitness center, business center, and coordinated group booking services. The property also manages partnerships with local attractions and restaurants in Historic Downtown McKinney.

Differentiator

Problem solved

Functional benefit

Products and services

• Hotel Accommodations (Standard Room) 350 sq ft rooms with king or queen beds, accommodating up to 2 guests, featuring local art and natural light. Available as part of the main hotel.
• Junior Suite

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Wells GroupcoreStrategic or Co-development Partner · 1 January 2021Rick and Robbin purchased the Grand Hotel as part of the Wells Group family of brands. Wells Group encompasses multiple McKinney businesses including Goddard Schools (early childhood education), Rick's Chophouse (steakhouse), Harvest at the Masonic (farm-to-table restaurant), Water Boy Farms (organic farm), and Seed Project Foundation (community sustainability). The hotel operates as part of this integrated hospitality and education ecosystem.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/the-grand-hotel-mckinney

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Grand Hotel