Hotel Conference Center Revitalization Project RP-4

Hotel Conference Center RP-4 Plan Description

• Historic Architecture
• Anchor Tenant - Downtown Support Element
• Atrium Interior Green Platinum Rating
• 338 Rooms
  - 36 Hospitality Rooms
  - 106 Suite Rooms
  - 8 Handicap Suite Rooms
  - 164 Standard Rooms
  - 24 Handicap Standard Rooms
• 18,000 sqft of Exhibit-Banquet-Conference Hall
• 8 Conference / Banquet Rooms
• Gift and Clothing Shops
• Main Restaurant / Coffee-Sandwich-Breakfast Shop/ Food Take-out
• Outdoor Pool-Patio / Indoor Pool / Fitness Room
• Business Copying / Graphics Internet / FAX Services
• Covered Parking for 590 cars
• 6 Elevators
• 2 Maintenance / Housekeeping / Exhibits Elevators
• 1 Shipping Elevator
• 360 sqft Housekeeping / Floor
• 200 sqft Maintenance Room / Floor
• 10 Emergency Stairs

Seeking Hotel / Conference Center Investors - Contact Board Members

• Goal: Meet Immediate Need for High End Gas / Oil Exploration Hotel Room Demands, While Creating a Long-Term Destination Location for Conference Use Based Upon Attractive River / Appalachian Setting, Cultural Arts and Recreational Identity.

Key Investor Benefits:

1. Immediate market demand for 338 hotel rooms;
2. Leverage $1M Tax Increment Financing, Land Bank Assembly for Property Equity, and PPRA Partnership and Services;
3. Overnight Stay Enhancement From Riverfront Location Resort, Event Promotion, Sternwheeler-Boat Docking River Port, Regional Retail Cultural Arts Center and Recreation Area
4. Leverage $10M investment to Create $50M Development with long term $2-4M Annual Returns
5. Flood Mitigation Supported; and
6. Establish Landmark Facility Identity for the Owners / Community / State.