Are there any parallels between the convention center hotel project and other publicly funded local projects like DFW Hyatt and American Airlines Center? How have these projects performed?

The DFW Grand Hyatt is publicly owned and privately operated by Hyatt, which is similar to the ownership and operational structure proposed for the Convention Center Hotel. The hotel includes a total of 298 rooms, a ballroom, banquet room, and pre-function space. The Grand Hyatt is fully integrated into the Airport’s Terminal D, which makes it convenient for Airline passengers to use the Hotel accommodation without leaving the terminal.

The Convention Center Hotel will be integrated with the Convention Center to provide the same convenience to conventioneers. The Grand Hyatt was financed with tax-exempt debt issued by DFW Airport which is secured by the net revenues of the hotel and a pledge of DFW’s Discretionary Fund. This is very similar to the financing structure that is being developed for the Convention Center Hotel.

The DFW Grand Hyatt opened on July 1, 2005, and since the opening, the Hotel performance has met or exceeded the projection of PKF Consulting. The hotel occupancy ... more.

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