Developer Presentation - RFQ No. N R1. Broward County Convention Center Expansion and Headquarters Hotel Project Fort Lauderdale, FL

Transcription

1 Developer Presentation - RFQ No. N R1 Broward County Convention Center Expansion and Headquarters Hotel Project Fort Lauderdale, FL

2 A SNAPSHOT A portfolio of 60 distinctive hotels and resorts, 55 of which are branded Omni 22,500 guest rooms Development experience includes 16 hotels; 9 developed, 5 re-developed, 2 technical service support 42 Markets 22 States Mexico + Canada Twenty years of consistent private ownership

3 AN OWNERSHIP MINDSET Omni has an investment in 46 of its 55 branded properties 40 are owned wholly by the company, 6 in joint ventures Eleven properties managed for others Three franchised properties

4 LOCAL COLOR Ours is a collection of hotels that were created to be a focal point of their city, often existing as a single property before becoming part of the Omni family. When we approach a hotel, we do not have a pre-set format or formula. Our design, décor, F&B, services and amenities all stem from and become reflective of the city they inhabit. Each of our properties is unique. No two Omni s are alike. Marketing textbooks would say this is the wrong way to run a brand. We think it is our greatest strength. That s why we call it our local color.

5 LOCAL COLOR HATCH SHOW PRINT, OMNI NASHVILLE

6 LOCAL COLOR BONGO JAVA, OMNI NASHVILLE

7 EXPERIENCE PROJECTS OVER 500 ROOMS Omni Louisville Omni Nashville Omni Dallas Omni Fort Worth Omni San Diego Omni Atlanta CNN Project Type Development Development Technical Services Agreement Development Technical Services Agreement Expansion Project Size 600 Rooms SF TBD 800 Rooms 803,000SF 1,001 Rooms 903,739SF 614 Rooms 567,661SF 511 Rooms 600,728SF 1,067 Rooms 620,000SF Public- Private Component Land, parking, and upfront grant Land plus fixed annual incentive payments Public owned, private interest in the form of Key Money Upfront grant, performance tax incentives, tax rebates and favorable ground lease w/ purchase No direct support, public improvements in surrounding area Tax rebates Project Location Liberty & Third Louisville, KY th Ave S Nashville, TN 555 S Lamar Dallas, TX 1300 Houston Fort Worth, TX 675 L Street San Diego, CA 100 CNN Center Atlanta, GA Project Opening 2017 (Expected) 2013 Sep 2011 Nov 2009 Jan 2004 Apr Addition 2003 Original 1974 Ownership Interest 100% 100% Owned by City of Dallas 100% 50% JV with JMI Realty 50% JV with Turner Broadcasting Affiliated Convention Center Kentucky International CC Nashville CC Kay Bailey Hutchison CC Fort Worth CC San Diego CC Georgia World Congress CC 7

8 New Construction No. of Rooms: 600 Function space: 70,000 sf Featuring: Spa Fitness center Two full-service restaurants Entertainment bar + grill Rooftop pool-side café Street level retail venue Lobby lounge Break ground in luxury apartments 25,000 sf grocery store OMNI LOUISVILLE HOTEL OPENING 2018

9 Omni Louisville Location Did this project include a hotel? Number of Floors Type of Hotel (stars/ diamonds) Number of Rooms Hotel flag / brand Did this project include a convention center? Gross Square Feet List other elements in project Indicate if new construction or major renovation Initial/ proposed itemized project estimate Final itemized project cost Liberty & Third Street, Louisville, KY Yes 29 Floors (incl. apartments) AAA 4 Diamonds LEED Silver certification (expected) 600 Rooms Omni Hotel No 550,000 SF 226 Apartments 20,000 SF of Retail Space New Construction $298 Million Developer s Ownership interest 100% Financing Amount $0 Is project a public-private partnership? If yes, indicate public entity s contribution Timeline/ Schedule of project Award conception date Yes Contribution of land and parking, upfront grant Design:14 Months Construction: 31 Months Completion date Q Lease terms Developer s role and responsibilities Lead architect/ engineer Prime Construction contractor Other major / key partners in project Development and Operation of Hotel HKS B&G The project is a joint venture between Omni, Metro Government and the State of Kentucky

10 OMNI NASHVILLE HOTEL Project Description 800-room convention center headquarters hotel 80,000 sq. ft. of function space 4 unique dining choices (Kitchen Notes, Barlines, Bob s Steak & Chop House, Bongo Java Coffee Shop) Signature Mokara Spa, Across from Music City Center, fully integrated into expanded Country Music Hall of Fame and Museum, and walking distance to Broadway

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13 Omni Nashville Location Did this project include a hotel? 250 5th Ave S, Nashville TN Yes Developer s Ownership interest Financing Amount $0 100% Number of Floors Type of Hotel (stars/ diamonds) Number of Rooms Hotel flag / brand 23 Floors AAA 4 Diamonds LEED Silver certification 800 Rooms Omni Hotel Is project a public-private partnership? If yes, indicate public entity s contribution Timeline/ Schedule of project Yes Contribution of land plus fixed annual incentive payments Design: 14 Months Construction: 27 Months Did this project include a convention center? No Award conception date Gross Square Feet List other elements in project Indicate if new construction or major renovation 803,000 SF New Construction Completion date 9/30/2013 Lease terms Developer s role and responsibilities Lead architect/ engineer Development and Operation of Hotel HKS Initial/ proposed itemized project estimate $261 Million Prime Construction contractor B&G Final itemized project cost $261 Million Other major / key partners in project

14 OMNI DALLAS HOTEL Project Description 1,001-room convention center headquarters hotel 110,000 sq. ft. of function space Six culinary outlets, including Bob s Steak & Chop House, The Owners Box (Sports Bar) and Texas Spice Signature Mokara Spa, fitness center and urban poolscape

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17 Omni Dallas Location Did this project include a hotel? 555 S Lamar, Dallas TX Yes Developer s Ownership interest 0% Financing Amount $0 Number of Floors Type of Hotel (stars/ diamonds) 15 Floors AAA 4 Diamonds LEED Gold certification Is project a public-private partnership? The Project is owned by the city of Dallas. Omni Hotels provided technical service support Number of Rooms Hotel flag / brand Did this project include a convention center? Gross Square Feet List other elements in project Indicate if new construction or major renovation Initial/ proposed itemized project estimate Final itemized project cost 1,001 Rooms Omni Hotel No 904,000 SF New Construction $339.5 Million $339.5 Million If yes, indicate public entity s contribution Timeline/ Schedule of project Award conception date Design: 15 Months Construction: 27 Months Completion date 11/11/2011 Lease terms Developer s role and responsibilities Lead architect/ engineer Prime Construction contractor Other major / key partners in project Technical Services Agreement & Operation of Hotel Boka Powell Balfour Beatty Matthews Southwest as developer for city

18 OMNI FORT WORTH HOTEL Project Description 614-room convention center headquarters hotel and 89 luxury condominiums 68,000 sq. ft. of function space Six culinary outlets, including Starbucks and Bob s Steak & Chop House Signature Mokara Spa, urban pool deck and state-of-the-art fitness center 441 parking spaces surrounded by retail space Other Exclusive catering contract for food and beverage at Fort Worth Convention Center Leasing rights for ground floor retail sections of new Convention Center

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20 Omni Fort Worth Location Did this project include a hotel? Number of Floors Type of Hotel (stars/ diamonds) Number of Rooms Hotel flag / brand Did this project include a convention center? Gross Square Feet List other elements in project Indicate if new construction or major renovation 1300 Houston St, Fort Worth TX Yes 31 Floors (incl condos) AAA 4 Diamonds LEED Silver certification 614 Rooms Omni Hotel No 568,000 SF Condos New Construction Developer s Ownership interest 100% Financing Amount $0 Is project a public-private partnership? If yes, indicate public entity s contribution Timeline/ Schedule of project Award conception date Yes Upfront grant, performance tax incentives, tax rebates and favorable ground lease with bargain purchase right Design: 13 Months Construction: 30 Months Completion date 1/12/2009 Lease terms Developer s role and responsibilities Lead architect/ engineer Development & Operation of Hotel HOK Initial/ proposed itemized project estimate $128.1 Million Prime Construction contractor Austin Final itemized project cost $128.1 Million Other major / key partners in project

21 OMNI SAN DIEGO HOTEL Project Description 511-room hotel 27,000 sq. ft. of function space Three culinary outlets including McCormick & Schmicks and a poolside bar and grill Fine art gallery promoting local artists Skybridge to the San Diego Padres Ballpark and across the street from the Convention Center

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23 Omni San Diego Location 675 L Street, San Diego CA Developer s Ownership interest 50% Did this project include a hotel? Yes Financing Amount $0 Number of Floors 32 Floors Is project a public-private partnership? No Type of Hotel (stars/ diamonds) AAA 4 Diamonds LEED Silver certification If yes, indicate public entity s contribution Public improvements made to surrounding area Number of Rooms Hotel flag / brand Did this project include a convention center? Gross Square Feet List other elements in project Indicate if new construction or major renovation 511 Rooms Omni Hotel No 601,000 SF Condominiums developed by partner New Construction Timeline/ Schedule of project Award conception date Completion date 2004 Lease terms Developer s role and responsibilities Lead architect/ engineer Technical Services Agreement and Operation of Hotel Hornberger + Worstell Initial/ proposed itemized project estimate $123.5 Million Prime Construction contractor Swinerton Builders Final itemized project cost $123.5 Million Other major / key partners in project JMI Realty

24 OMNI ATLANTA HOTEL AT CNN CENTER Project Description 1,067-room convention center headquarters hotel 120,000 sq. ft. of function space Culinary outlets includes the Prime Meridian, lobby bistro and lounge and multiple other options at street level or in adjacent CNN Center Connected to the College Football Hall of Fame & Convention Center, and in walking distance to Centennial Olympic Park, Georgia Aquarium and the World of Coca-Cola Museum

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26 Omni Atlanta Location Did this project include a hotel? 100 CNN Center, Atlanta GA Yes Developer s Ownership interest 50% Financing Amount $0 Number of Floors 28 Floors Is project a public-private partnership? Yes Type of Hotel (stars/ diamonds) AAA 4 Diamonds LEED Silver certification If yes, indicate public entity s contribution Property tax rebates Number of Rooms 1,067 Rooms Timeline/ Schedule of project Hotel flag / brand Omni Hotel Award conception date Did this project include a convention center? No Completion date 1974 (Original construction) 2003 (Expansion of Tower) Gross Square Feet 1,020,000 SF List other elements in project Lease terms Indicate if new construction or major renovation Expansion Developer s role and responsibilities Lead architect/ engineer Expansion and Operation of Hotel CMMI Initial/ proposed itemized project estimate $91.1 Million (Expansion only) Prime Construction contractor Skanska Final itemized project cost $91.1 Million (Expansion only) Other major / key partners in project Turner Broadcasting System, Inc.

27 WHY OMNI HOTELS & RESORTS Ability to commit capital needed to bring project to fruition Owner / Operator mindset High level of expertise in the Convention Center Hotel space Proven results in generating new business and developing revenue centers Genuine and Authentic hotels vs. Scripted and Staged Involved leadership who are engaged in the project vision

28 Developer Presentation - RFQ No. N R1 Broward County Convention Center Expansion and Headquarters Hotel Project Fort Lauderdale, FL