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A joint meeting in Mineral Wells Tuesday night resulted in a final development incentive agreement with The Baker Hotel Development Group, something the mayor called “a historic evening.”
MINERAL WELLS — Financial incentives and project details were revealed by officials Thursday on the historic agreement between local governmental entities and The Baker Hotel Development Partners.
A joint meeting in Mineral Wells Tuesday night resulted in a final development incentive agreement with The Baker Hotel Development Group, something the mayor called “a historic evening.”
Updated on May 27, 2021 at 3:14 pm
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Work is well underway to revive the Grand Old Lady of Mineral Wells.
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Originally opened in 1929 by T.B. Baker for a reported $1.2 million, it was the first air-conditioned hotel in Texas and boasted an Olympic-sized swimming pool and spa attracting thousands to enjoy the healing waters of Mineral Wells.
But after closing its doors in 1972, the hotel began a slow decline until 2019 when a group of investors partnered with the city to buy the property and restore the famed hotel.