convention center hotel

/Tag: convention center hotel

convention center hotel

Hilton Columbus Downtown Breaks Ground on 28-Story Tower Expansion

Franklin County Convention Facilities Authority | August 12, 2019

COLUMBUS, Ohio - Hilton Columbus Downtown, owned by the Franklin County Convention Facilities Authority and managed by Hilton Management Services, broke ground on a 28-story tower to create the first 1,000-room convention hotel in Columbus. Together with the existing Hilton, the hotel will offer 75,000 square feet of meeting space and will be the largest hotel in Ohio when it opens in 2022. View the fly-through video of the Hilton Tower here. “The addition of the tower to the Hilton Columbus Downtown will allow Columbus to attract new meetings and events business,” said Don Brown, executive director, Franklin County Convention Facil...

Revisiting the Public Ownership of Convention Hotels

the authors | March 29, 2019

By Gregg Rockett and Jeff Sachs Part One: Despite evoking controversy at many levels, the wheels are still firmly on the rails as it relates to public ownership of hotels Introduction The legacy of public sector whole-ownership of convention hotels extends several decades but became more prevalent in connection with provisions of the 1997 U.S. tax code (Revenue Procedure 97-13). These revisions facilitated clarity on the safe harbor status of management agreements related to facility operations financed by tax-exempt bonds. The first convention hotel to open following the revised provisions was Chicago's Hyatt Regency McCormick Place, d...

Public Involvement in Convention Center Hotel Financing

Thomas A Hazinski | October 24, 2017

By Thomas A Hazinski, Brian Harris Research generously supported by the Greater Phoenix Convention and Visitors Bureau Public sector involvement in convention center hotel projects is common due to the high cost of development and lack of private capital for such investments. Event planners expect the presence of a hotel adjacent to a convention center. Consequently, proximate hotels are essential for many convention centers to remain competitive in the convention center industry. As most communities desire the economic impact of group events and the spending of the visitors they attract, many are providing public subsidies to projects...

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