Wednesday June 25, 2003
Mayor Jerry Abramson today announced that construction is underway on the $110 million Louisville Marriott Downtown Hotel – a 617-room facility that represents the largest single investment in downtown Louisville in more than a decade.
And even before the foundation is laid for the hotel, Marriott and the Louisville Convention and Visitors Bureau officials Wednesday said the new hotel already has landed three conventions and meetings that together will mean more than $3 million in economic impact for the local economy.
“The new Marriott will fuel our local economy and help change the face of our downtown,” Abramson said. “The investment, in fact, is already paying off as organizations are booking conventions and meetings for this premiere project in downtown Louisville.”
The hotel, expected to be ready for opening in spring 2005, will house more than 44,000 square feet in meeting space, including a 24,000 square foot Louisville Ballroom. Other amenities will include two restaurants and lounges, a Starbucks coffee shop, indoor pool and whirlpool. It will employ about 500 people. The city of Louisville is investing $30 million in the project and will share in the profits. The Marriott will be connected by a pedway to the Kentucky International Convention Center. The convention center also will be connected to the Hyatt Hotel and The Galt House, which is undergoing an extensive renovation.
Marriott and Convention officials Wednesday said they expect several meetings and conventions – totaling thousands of room nights and millions of dollars in economic impact – to be booked in the near future.
The meetings booked starting in 2005 include:
· The Association of Equipment Manufacturers · Weekenders
· The Museum Store Association
“The Marriott will give our community a critical mass of hotel rooms and convention and exhibit space,” Abramson said. “That will allow us to compete for – and attract – national conventions and meetings to our community.”
Marriott Louisville Downtown Hotel by the numbers
· $110 million project
· 617 hotel rooms
· 44,000 square feet of meeting space
· Scheduled opening – spring 2005
· 500 employees
· Expands the $1 billion tourism and travel business for Louisville