Conference Center Hotel
Components: 336-room Conference Center Hotel
Project Value: $30 million
SAG team members completed a feasibility study for a conference center to be located in Richardson, TX. The scope of services included market analysis, meeting planner surveys, competitive analysis, and cash flow projections. Following the market study, our services continued with the City and SAG structured a public-private private partnership for the development of the Richardson Renaissance Hotel and Conference Center. The multifaceted partnership entailed a privately financed hotel, a city land donation, public conduit financing of the conference center (public debt paid by hotel operating cash flows), and a 20-year nominal lease of parking spaces. The project was developed by J.Q. Hammons Hotels and opened in 2001.