gregg rockett
Revisiting the Public Ownership of Convention Hotels
the authors | May 2, 2019
By Gregg Rockett and Jeff Sachs Part Two: In support of public authorities that choose to own convention hotels – from professionals in the trenches. Introduction Part one of this article reviewed the controversy surrounding the public ownership of hotels and highlighted the opposition's principal arguments, which has several decades of academic and journalistic documentation. One would think that a reaction to overwhelmingly negative literature would discourage the public sector from pursuing the outright ownership of hotels, and this may have muted some initiatives. However, municipal jurisdictions in the United States continue ...
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...
How Luxury Hotels Can Co-Design for Suite Success
Karen Loynaz | January 14, 2019
By Karen Loynaz, MPS in Global Hospitality Leadership, Georgetown University Gregg Rockett, Adjunct Professor at Georgetown University Masters in Global Hospitality, contributed to this article Imagine walking into a hotel room designed by your favorite fashion brand, everything from the curtains to the bed linens emulates the brand perfectly. How much would you pay to sleep with your favorite brand? Leaders of luxury including Coco Chanel, Diane Von Furstenberg, and Bottega Veneta are now partnering with luxury hotels around the world to co-design fashion-forward hotel suites. Much like the hefty price-tag of a fresh-off-the runway des...
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