The University of Maryland is looking to build a $115 million luxury hotel-conference center on three acres of land across from its main campus entrance along Route 1 and near the proposed Purple Line.

The proposal includes a four-star hotel with 300 rooms, a conference and meeting space as well as a swimming pool, retail, and a restaurant and bar, according to a recent piece in the Washington Post.

College officials argue this would fill the need for upscale accommodations in the area for university-related conferences, graduation and other needs:

“It will really make a statement,” U-Md. President Wallace D. Loh said. “Once this hotel is developed, the irony is there will be even more hotels. [Developers] will realize that there is this huge demand.”

The land where the project would take place was recently declared surplus land by the Maryland Board of Public Works, which means the university can move forward.