Omni Hotels has submitted an initial $273 million budget for the convention center headquarters hotel it plans to build, city officials told the Metro Convention Center Authority this morning.
The hotel would have at least 800 rooms, and Omni has committed to set aside large portions for convention groups based on meeting dates.
For example, if a convention is scheduled at least 36 months away, Omni will commit a block of at least 640 rooms, or 80 percent of the hotel, said Charles Starks, executive director of the existing convention center. The room block would get smaller for shorter lead times.
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