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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.