New Dallas Convention Center Hotel Secures Financing

Last month the city of Dallas voted "Yes" on the new 1,016-room Omni Dallas Convention Center hotel. Now, the Dallas City Council has approved an ordinance to authorize the sale of $514 million in Dallas Convention Center Revenue bonds to secure financing for the hotel, set to open in 2012.

Mayor Tom Leppert, a major proponent of the hotel project, said the vote was the right move, as he expects an upturn in the economy, according to The Dallas Morning News.

"This hotel is not going to be in place for several years, and we believe we are going to be able to capture that upturn," he said.

As of now, the Dallas Convention and Visitors Bureau reports that 172,000 tentative room night bookings are scheduled at the hotel in coming years.

The Dallas hotel will feature over 80,000 square feet of meeting space.

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