Will the hotel continue to operate under city ownership?Answer:
Hotel operations will cease prior to city ownership. It will remain closedfor renovations and reopen in September 2012.
How much will it cost to renovate the hotel?Answer:
Approximately $20-22 million. It is anticipated that renovations will befunded with bonds that will be repaid
out of hotel operations. However, the City willseek private sector financing to reduce or eliminate the need for City funds.
How much will it cost to operate the hotel while renovations are made?Answer:
Security, utilities and other operating expenses incurred during renovationswill be included in the renovation budget.
What will happen to the current hotel management employees?Answer:
PHC Dallas, LLC (Prism) of Dallas, Texas, manages the hotel. The 130 orso full and part-time employees, as well as all consultants, vendors and supplierswork for Prism.
What is the timeline for renovation of the hotel?Answer:
The hotel renovations will be completed simultaneously with the conventioncomplex project
which is scheduled for total completion in February 2013.
Will the hotel be closed during renovations?Answer:
Will the hotel remain a Crowne Plaza?Answer:
The Purchase and Sale Agreement requires that the Crowne Plaza franchiseagreement terminate at closing. Frew Nations Group will engage in discussions witha targeted list of hotel brands -- including Crowne Plaza
and will recommend ahotel franchise for city approval.
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 theregistration desk to the first floor as well as the following general themes:Floor 1: Grand entry and guest registrationFloor 2: Redesigned as the arena concourse and food courtFloors 3
5: Hotel meeting/conference rooms (note: floors 4 and 5 arecurrently meeting rooms on the interior side and guestrooms on the street side
this mixing of meeting space andguest rooms is frowned upon in the hospitality industry)Floors 6
15: Remains as Guest rooms