CAMDEN COUNTY, Mo. — A new waterfront hotel/resort at Lake of the Ozarks just got the state-level approval that developer Dan Foster says will help the project take the next step towards realization.
The Missouri Transportation Department has approved the Transportation Development District for property that will be the site of a major waterfront hotel and convention center near Osage Beach. The TDD had previously been approved by the Camden County Commission and the Circuit Court.
Peninsula Development llc. of Osage Beach and their associates plan to develop the property.
The TDD will allow developers to cover the costs of parking lots and an entrance road and other transportation related improvements using revenue from a tax collected from hotel guests. TDDs have been used to fund parking lots and roadways at many major public developments around Lake of the Ozarks in Camden and Miller counties.
Peninsula principal Dr. Dan Foster of Osage Beach says the completion of the TDD is another step toward a project the lake very much needs. “It is time for Lake of the Ozarks to have a 21st century hotel with a first-class event space,” Foster said. “We are excited to be part of a project that will bring so much value to the lake.”
Senate Hospitality of Nashville is associated with Peninsula in moving the project forward. Their expertise in hotel development and management is an important aspect of the Peninsula project. Other Senate projects include such well-known hotels as the Gaylord Palms Resort and Convention Center in Orlando Florida,, the Westin on Beale Street in Memphis and the Gaylord Texan Resort and Convention Center in Dallas.
The exact design of the hotel and size of the public event space are currently in the planning stage. The vision for the event space is to build it in such a way that it could be used for a performing arts facility and could be expanded as it proves itself. There are several phases to the current planning of the project.