convention center hotel
Long-Anticipated Hyatt Regency Salt Lake City Convention Center Hotel Breaks Ground
Visit Salt Lake | January 16, 2020
January 16, 2020. Salt Lake City, UT – After extensive planning, Visit Salt Lake, Salt Lake County, Portman Holdings and Hyatt Hotels Corporation announced the plans, timeline and details of the long-awaited and much-anticipated Salt Lake convention center hotel during a groundbreaking ceremony held Friday, January 10, at the Salt Palace Convention Center. The 700-room Hyatt Regency Salt Lake City will be located on the southeast corner of the lot on which the Salt Palace Convention Center sits and be built adjacent to the convention center’s public space. The 25-floor property will offer 60,000-square feet of indoor meeting space, in...
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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