OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Issues concerning Downtown as described by the Downtown Council. River to 31st Street, I-35 to Bruce R. Watkins.
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Critical_Mass
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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Post by Critical_Mass » Thu Oct 05, 2017 7:28 am

There is hope! 'Live' has been removed from the Loew's site URL
Current URL: https://www.loewshotels.com/loews-kansa ... nter-hotel
Previous URL: https://www.loewshotels.com/live-by-loews-kansas-city

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Post by KCPowercat » Thu Oct 05, 2017 7:51 am

That's positive

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Post by kboish » Thu Oct 05, 2017 7:52 am

KCPowercat wrote:
Chris Stritzel wrote:Today, St. Louis gained a Loews Hotel. It will be a Live! one. In regards to this one in Kansas City, this won't be a Live! By Loews but rather a simple "Loews" brand.

http://www.buildingstlnews.com/the-blog ... -announced
Do we know this to be true? Cordish is involved in the KC hotel too.
From what this link says it sounds like the STL will be a "live!" hotel.
Loews Hotels has expanded its Midwest hotel portfolio in recent years with hotels in Chicago and Minneapolis. The company recently announced plans for a new 800-room convention center hotel in Kansas City that’s slated to open in 2020.

The Live! by Loews-St. Louis hotel will be Loews’ second “Live!” branded hotel, after a location in Arlington, Texas, opens that’s being developed by Cordish, the Texas Rangers and the city of Arlington.
and the article also seems to not include KC's hotel in the "Live!" brand category.

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Post by Riverite » Thu Oct 05, 2017 10:48 am

Maybe they will build another hotel with the live brand then?

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Post by grecobs » Mon Oct 16, 2017 7:53 am

Midway through October, the month construction was scheduled to begin. Any updates on a groundbreaking?

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Post by hartliss » Mon Oct 16, 2017 10:43 am

Here is some of the permit activity..... http://kivaweb.kcmo.org/kivanet/2/land/ ... pin=122634

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Post by JBmidtown » Mon Oct 16, 2017 3:03 pm

This is taking for-fucking-ever

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Post by flyingember » Mon Oct 16, 2017 3:55 pm

JBmidtown wrote:This is taking for-fucking-ever
It's quite normal for a major project to take a decade or longer.

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Post by LCDSI » Tue Oct 17, 2017 9:15 am

KC just has a lot more red tape. Other cities move faster and let's not even talk about how fast Chinese cities move on developments. Either way glad to see it's moving forward.

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Post by aknowledgeableperson » Tue Oct 17, 2017 10:52 am

Have the bonds been sold?

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Post by kboish » Wed Oct 25, 2017 7:39 am

There is a notification in PZE later today that says a lease is being signed for space in the convention hotel. I haven't heard anything lately about the financing being completed yet, but possibly they will give an update later today. Hopefully this means progress.

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Post by KCLover » Wed Oct 25, 2017 4:11 pm

kboish wrote:There is a notification in PZE later today that says a lease is being signed for space in the convention hotel. I haven't heard anything lately about the financing being completed yet, but possibly they will give an update later today. Hopefully this means progress.
The PDF attachment said something about space in the parking garage and meeting rooms.

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Post by kboish » Wed Oct 25, 2017 4:16 pm

https://www.bizjournals.com/kansascity/ ... loper.html
A Kansas City economic development agency on Wednesday assigned development rights for a proposed 800-room downtown convention headquarters hotel to a new entity.
...
Now, the developer is KC Hotel Property Owner LLC. It is wholly owned by a joint venture between KC Hotel Developers LLC and Loews Hotels Group Inc., which replaced Hyatt Hotels Corp. as operator of the new convention hotel in June after agreeing to make a major equity investment.

...
“We’re looking to close by the end of the year,” Koch said.
After the financing documents are approved in November, Koch added, bonds will be priced in early December.
So I guess closing by the end of the year.

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Post by flyingember » Wed Oct 25, 2017 6:14 pm

So groundbreaking early next year. Three months delay is not that bad.

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Post by normalthings » Wed Nov 08, 2017 2:07 pm

New Airport should help drive demand for this and other hotel projects downtown.

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Post by KCLover » Mon Nov 27, 2017 2:11 pm

I can't read the article, but from the tidbit posted it sounds like LCRA has to approve documents and they are shooting for a late December financial closing so we should see movement in 2018.

https://www.bizjournals.com/kansascity/ ... -325m.html

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Post by kboish » Tue Nov 28, 2017 9:51 am

LCRA is set to approve financial documents Wednesday to set up a December closing. If they don't close in December the project is in jeopardy because the firm construction estimates expire. The developers are scheduled to provide an update on Thursday to the council business session.

https://cityscenekc.com/convention-hote ... e-funding/

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Post by FangKC » Wed Nov 29, 2017 1:45 pm

Downtown KC convention hotel slated for 2020 completion after receiving new approvals
The Land Clearance for Redevelopment Authority, an agency that grants tax breaks, approved a slew of new agreements with KC Hotel Property Owner LLC, the new owner of the 800-room project.

That paves the way for an expected Jan. 2 groundbreaking for the $322 million project, with an expected completion date of 2020. That’s just months before 20,000 visitors are supposed to arrive as part of the Shriners International convention in July 2020.
http://www.kansascity.com/news/local/ar ... 78253.html

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Post by earthling » Wed Nov 29, 2017 1:46 pm

KC seems to have a slower development pace than other markets - 2020 seems too optimistic or will otherwise be impressed if met. Ditto with new airport target date.

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Re: OFFICIAL - Loews Convention Hotel (formerly Hyatt)

Post by KCPowercat » Wed Nov 29, 2017 1:51 pm

There will be hell to pay if this doesn't hit that date....same with the airport (moreso in edgemoor penalties)

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