City Has Apparently Found Buyer For Chattanoogan Hotel

Monday, October 16, 2017

The city of Chattanooga has apparently found a buyer for the Chattanoogan hotel on Broad Street.

A city board will meet next Monday to consider several resolutions.

One item before the Chattanooga Downtown Redevelopment Corporation is approving the hiring of the Husch Blackwell law firm "as special counsel in connection with the preparation of a sale and purchase agreement for the sale of the Chattanoogan hotel.

"

The CDRC, which approved the start of the process for selling the hotel in July of last year, will also be asked to approve a resolution "approving the purchase price for the sale of the Chattanoogan hotel and authorizing the president to execute the purchase and sale agreement and any and all closing documents necessary to consummate said sale."

The city earlier sent out a Request For Qualifications for a consultant to assist in the evaluations and proposals for the sale.

Daisy Madison, city finance director who heads the CDRC, at the time said converting public conference centers to private ownership is a specialized area and a professional was needed so that the city can maximize the sale proceeds.

Benchmark Hospitality, which last year merged with Gemstone Hotels & Resorts, has long operated the hotel and conference center for the city.

The city built the hotel at 12th and Broad with a focus on it being a conference center, though there was some opposition to local government getting into the hospitality business and competing with private hotels downtown.

The Chattanoogan initially had some financial difficulties, but has been profitable in recent years as the debt for constructing it has been reduced.

It features 199 guest rooms and suites, a day spa and 25,000 square feet of conference space. It also features three restaurants.



Copies Of Remaining Chattanooga Photo Books Available At Zarzour's Restaurant; By Mail

Remaining copies of the Chattanooga Photo books are available at Zarzours Restaurant on Rossville Avenue off Main Street. It is near Fire Hall #1. They include the Remarkable Stokes Collection, Railroads In and Around Chattanooga, and Paul Hiener's Historic Chattanooga.  All were published by Chattanoogan.com.  and printed by College Press at Collegedale. The ... (click for more)

Latest Hamilton County Jail Booking Report

Here is the latest jail booking report from Hamilton County: ARMOUR, MARCUS A  2604 DYSON AVE CHATTANOOGA, 37406  Age at Arrest: 24 years old Arresting Agency: Chattanooga SIMPLE ASSAULT --- BROCK, HOLLY DARLENE  125 MEDINA LANE EVANSVILLE, 37332  Age at Arrest: 33 years old Arresting Agency: Hamilton County FAILURE TO APPEAR DRIVING ... (click for more)

Stormwater Fiasco And East Ridge Camping

When did the Chattanooga City Council get replaced by members of the East Ridge City Council? I don't recall a time in Chattanooga where they've voted to shoot the city in the foot more than they have lately.  If this goes through despite the environmental impact warnings and then Camp Jordan has increased flooding after spending millions on sports ball fields, ... (click for more)

Roy Exum: The Chicken Gun

On the very day when more poultry is consumed in the United States than at any other time in the year, fun-loving Wendell Burns shared a wonderful story about “The Chicken Gun.” What makes the tale even better is that it was designed and built to perfection by the folks at the Arnold Air Force Base that you know is near Tullahoma, Tn. Wendell’s mistake in sending the story is ... (click for more)

Rodney Stoker Wins Turkey Trot 8K Again

It has been about 15 years since Rodney Stoker captured first place overall in the annual Sports Barn Turkey Trot, but he’s been doing some serious training in recent weeks and it paid off Thursday morning as the 41-year-old former UTC standout was victorious with a time of 27 minutes, 18 seconds. Dylan Hassett, a promising 24-year-old from Atlanta who is making her way as a ... (click for more)

JOHN HUNT: Thanksgiving 2017 Special As Always

I can’t believe it’s that time again.  Another year has come and gone and where did it all go? My father once told me that time really flies as you get older and I’m starting to believe him. But we’re back to one of my favorite holidays of the year – Thanksgiving – and I’m looking forward to spending quality time with family and friends.  I’m sure that I’ll eat too ... (click for more)