AGENDA CAPTION:
Title
Consider approval of Resolution 2018-53R, granting consent to an assignment of the Master Development Agreement and Conference Center Lease Agreement for operation of the City's Conference Center adjoining the Embassy Suites Hotel from JQH-San Marcos Development, LLC, also known as John Q. Hammons Hotels and Resorts, to JDHQ Hotels LLC, commonly known as Atrium Hospitality; authorizing the City Manager to execute the consent to assignment on behalf of the City; and declaring an effective date.
Body
Meeting date: April 17, 2018
Department: CMO
Amount & Source of Funding
Funds Required: Not Applicable
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Fiscal Note:
Prior Council Action: In 2006-07 the City Council approved several agreements with John Q. Hammons to fund, construct the Embassy Hotel and operate/lease the City of San Marcos Conference Center. The attached version of the amended Master Agreement outlines lease requirements for JQH to operate our conference center operations, including maintenance; furniture, fixtures and equipment (FF &E); and rental of conference events and space. The City partnered with JQH on land acquisition, design/build, infrastructure improvements and ability of City to lease operation of the conference center to the owner and operator of the Embassy Hotel for a 25 year lease.
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Background Information:
In 2016, various business entities operating under the umbrella of what is commonl...
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