Embassy Suites – MC Benton Convention Center

SAG assisted the City of Winston-Salem, NC negotiate a public-private partnership with a hotel investor/developer who desired to acquire the 600-room Adams Mark hotel adjacent to the MC Benton Convention Center and convert it into a 316-room Marriott and 150-room Embassy Suites hotel.  The City’s role was ultimately reduced to conduit financing, public financing repaid by the hotel owner.  In addition, the hotel owner’s management company assumed management of the convention center.  SAG’s services included leading all negotiations on behalf of the City, negotiating the public financial involvement, room block agreement, and convention center management agreement.

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