Posts Tagged ‘convention center hotel’

Texas developer frustrated by latest Jackson convention hotel deal

An Austin, Texas, hotel development company says it feels slighted that the City of Jackson is not giving it an opportunity to make a proposal to build a convention center hotel. The hotel opportunity instead is going to Tampa, Fla.’s Robinson Callen Development in a $60-million deal the Jackson Redevelopment Authority approved on June 18 […] [...]

Bond deadline looms

by Ted Carter Published: December 18,2011

Tags: convention center hotel, Gulf Opportunity Zone bonds, Jackson City Council

A decision by Jackson City Council Monday (Dec. 19) to build a 16-floor, $96 million convention center hotel will hand Mayor Harvey Johnson a signature victory but a thumbs down from the council will give him a serious setback. The city put the deal on a fast-track to enable proposed development partner Transcontinental Realty Investments […] [...]

Expectations high for convention hotel revenue per available room

by Ted Carter Published: December 11,2011

Tags: convention center hotel, downtown hotel market, JACKSON

In its first year of operation, a convention center hotel in Jackson would achieve a revenue-per-available room rate more than double the current rate for Jackson’s downtown hotel market. That’s the ambitious projection of a market feasibility study done for potential hotel development partner Transcontinental Realty Inc. of Dallas and on which city officials appear […] [...]

Clock ticking on quest for Go-Zone bonds for hotel

TCI Realty of Dallas, a prospective partner with the City of Jackson on a convention center hotel, is racing the clock to gain a $70.1 million share of Mississippi’s tax-exempt Gulf Opportunity Zone bonds before they expire Dec. 31. Meanwhile, the nearly $100 million project faces a council increasingly skeptical about inheriting a development partner […] [...]

Read the October 3rd issue of the MBJ online

In this week’s MBJ, Clay Chandler examines whether there is a megasite available for a new Hyundai plant. The MDA’s Leland Speed says there are no sites available. However, the East Mississippi Business Development Corp. executive director Wade Jones says the 1,400-acre Kewanee site is still available for Hyundai or anyone else that wants it. […] [...]

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