Professional Documents
Culture Documents
2. Why is the City buying the Crowne Plaza Five Seasons Hotel?
Answer: The hotel was designed as an integral part of the City of Cedar Rapids Five
Seasons Center in 1979 and has served the community well for a long time. The hotel
was last sold in June 2007 for a reported $5.8 million but went into foreclosure in
October 2008. The lender requested the court appoint a receiver in November 2008,
and then subsequently foreclosed on the hotel. 350 1st Avenue Holdings, LLC is the
current owner.
The success of the City’s $75.6 million convention complex project depends in large
part on an adjacent hotel that is up-to-date, well operated and jointly marketed. As
the owner of the land that the hotel is built on, the ballroom and parking leased to the
hotel, the U.S. Cellular Center and the soon-to-be-built adjacent convention center,
the City is the only buyer capable of bringing all of these components together for
cohesive economic development.
8. How much will it cost to operate the hotel while renovations are made?
Answer: Security, utilities and other operating expenses incurred during renovations
will be included in the renovation budget.
13. What are some of the renovations planned for the hotel?
Answer: The City’s convention and events center design team, including TVS, a
highly respected convention center architect, has recommended relocating the
registration desk to the first floor as well as the following general themes:
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Floor 16: Restaurant and meeting space remains. 16th floor meeting
space expanded through elimination of second story of 15th
floor presidential suites.
Roof: Helipad to remain
Exterior: Replacement throughout to match exterior of convention
complex