Posted Nov 4, 2012, 9:59 PM
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Join Date: May 2007
Posts: 11,440
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Hopefully they have a signed hotel partner. I am doubtful of this however. I don't think enough benefits would accrue to the hotel under what type of commercial agreement seems to be the objective (cash contribution for free land to build a hotel only). This deal from the drawings looks to be under the assumption that a hotel without its own conference facilities that it can earn revenue from would be profitable enough to pay a reasonably large contribution to the facility. I doubt that would be the case.
Now if the hotel operator becomes the facility operator, and accrues a portion of the operating revenue from the conference facility, it is a different matter. But usually the public doesn't like public facilities giving a 'sweetheart deal' to an operator like that, even if in all ways but optics it makes perfect sense.
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