Omni, Cordish Land Deal For $261M Louisville Hotel Complex

Law360, New York (March 6, 2014, 6:59 PM EST) -- In a deal that expands its construction pipeline, Omni Hotels & Resorts on Thursday was named a co-developer of a $261 million hotel and apartment project in Lousville, Ky., that will include The Cordish Cos. and local agencies as joint venture partners.

As part of a public-private partnership with city and state officials, Omni will be putting up $105 million in equity to develop and flag a large convention center hotel, with Cordish delivering $30 million to spearhead the residential part of the project. The rest...
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