Tower’s alternative
Posted on November 18, 2009 at 4:49 pmThe largest property owner in the footprint of the planned Music City Center has unveiled its plans for integrating a hotel and office space into the $585 million project.
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Gaylord mulls the M&A route
Posted on October 29, 2009 at 7:36 amThe recession has Gaylord execs scanning the luxury hotel landscape for properties it could acquire and expand into full-fledged resorts. At an investor conference yesterday, Senior VP of Finance Mark Fioravanti told investors about 50 hotels around the country would fit the bill.
Downtown biz groups endorse Music City Center
Posted on October 22, 2009 at 3:40 pmThe backers of the proposed $635 million Music City Center have received the not-terribly-surprising support of three downtown-related hospitality and tourism groups.
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MDHA sues to start convention center land buys
Posted on October 19, 2009 at 3:23 pm
The MDHA has deposited more than $31 million with Circuit Court officials, money it intends to pay a group of downtown landowners whose properties sit in the footprint of the planned Music City Center.
The amounts offered add up to almost $6.9 million more than the cumulative value of the properties as appraised for property taxes at the beginning of 2009. On average, the city is offering a 26 percent premium over tax-appraisal value.
Analyst: Look for Gaylord National to surprise
Posted on September 1, 2009 at 10:12 amA little detail from Janney Montgomery Scott’s coverage launch last week of Gaylord Entertainment shares. (Ticker: GET) Analyst Brian McGill sees the stock going to $26 on the back of a focus on booking business now. Also, McGill said, the year-old Gaylord National resort outside D.C. may surpass expectations the rest of this year.
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High hopes for Opryland
Posted on August 5, 2009 at 6:55 am
Just you wait till the economy rebounds and a leaner and meaner Opryland kicks into gear, Gaylord CEO Colin Reed told analysts Tuesday.
We still see a lot of business that wants to book into Opryland. My view is that Opryland will recover into the 70s and our goal for Opryland over the long-term when this economy stabilizes is to have it operating at 80 points of occupancy.
I believe with everything that we have done in Opryland this year, if we can get this hotel back in short order to 75 to 80 points of occupancy it will produce a lot more profitability than it did 12 months ago just because of what we’ve been doing.
Second-quarter numbers at the Briley Parkway complex were lower in part because of $100,000 in severance costs related to layoffs announced in February.
Minority supplier conference coming to town this month
Posted on August 3, 2009 at 1:10 pmThe Nashville Convention Center will host the Tennessee Minority Supplier Development Council late this month. Among the key topics: Plugging into the Recovery Act’s cash flow, which is also the topic of the cover story of this week’s Nashville Post print edition.
SEE ALSO: Information on “Hispanic Integration as an Engine for Economic Growth Forum,” an event that will take place Aug. 11.
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Developers float Manhattan med mart concept
Posted on July 1, 2009 at 2:47 pmAnd they appear to have a big headstart on efforts in Cleveland and Nashville, with Cardinal Health, Zimmer and others already having signed deals.
Excavation on the World Product Centre site is scheduled for November, with construction finishing in 2013. WPC will license about one-third of the pavilion space and use the proceeds as collateral on a construction loan. “Marketing and development is–and will continue to be–financed by private equity,” says Michael Resnick, WPC’s executive vice president. “We are confident that we will have the financing in place to obtain a construction loan.”
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First look at Music City Center hotel
Posted on June 17, 2009 at 1:47 pm
Phelps Portman, the Colorado-Atlanta team picked yesterday to build the headquarters hotel for the Music City Center, have unveiled their 40-story vision for the 1,000-room, $300 million project.
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How demand management can help the Music City Center
Posted on May 29, 2009 at 6:56 am
A site aimed at purchasing managers says they can help cut costs by shifting their meetings from pricy cities on the coasts to places like Nashville.
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Tracking the comings and goings of Music City Center spending
Posted on May 19, 2009 at 8:16 amThe Metro Council budget and finance committee on Monday voted to set up a Web site dedicated to tracking revenue generated by taxes dedicated to funding the proposed Music City Center as well as the outlays related to land acquisitions in SoBro.
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Updated Music City Center renderings
Posted on April 17, 2009 at 3:19 pm
Catching up to Tuesday’s presentation of Mayor Dean and MDHA, here are some detailed plans of the $635 million convention center. Check out more of them here and a short video presentation here.
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Making the case for starting on the Music City Center now
Posted on March 23, 2009 at 7:33 amRichard Lawson does so in today’ City Paper.
Videoconferencing hasn’t killed the industry as had been predicted at one point. People still like to meet face to-face when they can. Cities with a competitive edge will get the business.
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Hotel research firm to host local conference
Posted on March 3, 2009 at 8:18 amHendersonville-based Smith Travel Research will bring to town hotel execs from across this August for the first Hotel Data Conference. Maybe by then, some of these numbers will have begun improving.
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Music City Center images
Posted on January 29, 2009 at 11:41 amCourtesy of TVS, Tuck Hinton and Moody Nolan, who presented their thoughts this morning. For more on this topic, check out NashvillePost.com.
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