Gaylord Hotels will operate the resort once it opens. (ABC10 News San Diego rendering)

CHULA VISTA (KGTV) -- Officials with the City of Chula Vista and Port of San Diego are expected to sign a Letter of Intent this week with Rida Development Corporation to build a billion-dollar resort hotel and convention center.

The hotel is expected to have more than 1,000 hotel rooms, 275,000 of convention space, and even a lazy river.

Here's the shocker: RIDA is building it, but Gaylord Hotels will operate the resort once it opens.

Gaylord was negotiating with the Port and city roughly a decade ago to build the resort when the whole thing crumbled.

Source: 10news.com http://www.10news.com/news/chula-vista-to-get-1-billion-resort-hotel-convention-center.

Today's top stories

VIDEO: ConExpo Crushes Expectations

Volvo Construction Equipment Introduces Connected Load Out to Improve Jobsite Efficiency

JE Dunn Building Austin's New Joint Fire/EMS Station

Hitachi Unveils Zaxis-7 Ultrashort Tail-Swing Excavators

Rokbak Roadmap: Four Key Themes

Final Component of Biscayne Bay Coastal Wetlands Project Begins Work in Miami

New Liebherr Wheel Loaders at ConExpo 2023

GOMACO Appoints Brad Zobel as New Sales Manager for United States, Canada