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Wilmington City Council voting on new convention center hotel Tuesday

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WILMINGTON, NC (NEWS RELEASE) -- Public hearing and resolution on purchase and development agreement for sale of land and construction of a privately owned $33.6 million hotel next to the Wilmington Convention Center. As proposed, the hotel would be a full service 186-room Embassy Suites. The city’s agreement with Harmony for the use of the public convention center parking deck will also considered.

The city and Harmony have been working on both agreements for months. They outline details for Harmony’s purchase of about ¾ of an acre beside the convention center for the hotel, as well as construction of the hotel and paid access to the city’s adjacent public parking deck. The parking agreement provides 250 reserved spaces in the city’s 578-space parking deck to Harmony at a cost of $100 per month per space, which is the current publicly established parking rate.

The city proposes to sell the land to Harmony for $578,820, which is the same price stated in a previous public notice that was published in September, as well as the same price in previous publically advertised requests for proposals.

The agreements are among the last items to be considered by the City Council. If the item is approved, construction is expected to begin late this summer and completed in the summer of 2015. Harmony has received franchise approval to build an Embassy Suites that includes meeting space, a full service restaurant with room service and pool.

The public notice sent out previously to advertise the Feb. 4 hearing states that the project is envisioned to stimulate further economic development such as new jobs and additional tax revenue along the northern riverfront.

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Free markets

Will kill this off. Holiday Inn Express is building down town as well and may open before this one does.
I don't think Harmony will survive this one.

Vog

CC Hotel

Oh horrors of horrors.......cheap land and reserved parking......what have the other hotels done that makes the city give such favoritism to a new competitor? The CC will still be a colossal failure and waste of money.......instead of building another hotel they should convert the CC into a hotel with rooms for rent by the hour until it has payed for itself. The Mayor could proclaim a "sin for free" zone..............an "I support Saffo's Folly" button given to every guest.