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Old 05-25-2014, 03:33 PM
 
Location: Hendersonville
369 posts, read 942,703 times
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Music City Center underperforms in first year

Quote:
In its first year of operation, the Music City Center convention hall failed to meet projections for hotel bookings, saw its surplus revenue fund drop by nearly $8 million and had its bond rating downgraded.
boondoggle
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Old 05-25-2014, 03:37 PM
 
Location: Brentwood, Tennessee
49,927 posts, read 59,955,675 times
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Quote:
Originally Posted by Crakaveli View Post



boondoggle
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Old 05-25-2014, 03:56 PM
 
Location: Franklin, TN
6,662 posts, read 13,336,011 times
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Part of the reason for struggling to get larger conventions has been the lack of large blocks of hotel space. Hopefully, with the announcement of the Westin, as well as other hotels, that will no longer be an issue.

Hopefully the subsequent years will see more consistent booking.
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Old 05-25-2014, 06:07 PM
 
Location: NJ
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Another 4 star is needed. What is the Westin's proposed star rating?
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Old 05-25-2014, 07:04 PM
 
Location: Franklin, TN
6,662 posts, read 13,336,011 times
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Quote:
Originally Posted by bobtn View Post
Another 4 star is needed. What is the Westin's proposed star rating?
Probably in that range.

There is also an active proposal for a Marriott on the corner of 8th and Demonbreun, as well as several other upscale hotels.

Real Estate investor Mark Bloom has stated that he wants to attract a 5 star (Four Seasons/Ritz/other) to the Gulch.
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Old 05-27-2014, 05:15 PM
 
Location: Nashville, TN (USA)
813 posts, read 2,032,033 times
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I totally agree that much of the problem is the lack of hotel space suitable for large conventions. I believe the Nashville CVB has mentioned several times before that they anticipated more hotel rooms to be available around the time that the MCC opened. We now have a Westin, Virgin Hotel, Marriott, 21c Museum Hotel, the Noel Place hotel conversion and potentially a JW Marriott proposed. This is in addition the whatever hotel is a part of the Buckingham development. The hotel boom happened later than anticipated, but it appears to be well underway.
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