The massive Gaylord Opryland Resort and
Convention Center in Nashville would become even larger under a
$400 million expansion plan that would add a new hotel and meetings
Gaylord Opryland has 2,881 guest rooms and 600,000 square feet of
meetings and convention space. Despite its size, the property turns
down requests for almost 2 million room nights a year due to "our
high demand and lack of space," said Colin Reed, Gaylord
Entertainment's chairman and CEO.
"operates at the highest level of occupancy in our system," said
some of that demand, the company has proposed adding a 400-room,
all-suite, luxury hotel along with another 400,000 square feet of
meetings and convention space to the property.
that construction would be completed in 2010.
existing Gaylord Opryland would undergo a three-year, $125 million
construction for the project, Gaylord said it would seek approval
from metropolitan Nashville and the state of Tennessee for the
issuance of an $80 million tax-exempt bond.
is necessary to the project financially in order for Gaylord to
invest $320 million in private capital," said Reed. "Our plan does
not put Metro Nashville or the state's existing tax reserves at
risk and will not be a burden to the city's taxpayers."
Gaylord said the
Opryland Resort attracts 1.5 million visitors to Nashville each
The company said
an economic study conducted by the Center for Business and Economic
Research at the University of Tennessee estimated that the
expansion would bring an additional 400,000 convention attendees
and increase annual income in the Nashville metro area by $165.1
million while generating more than 1,300 jobs.
estimated that annual state and local tax revenue would increase
from $64 million to $98.6 million.
operates the 1,406-room Gaylord Palms in Orlando and the 1,511-room
Gaylord Texan near Dallas-Fort Worth Airport, which Gaylord is
considering expanding, as well.
Entertainment, meanwhile, is developing a 1,500-room property, the
Gaylord National Resort and Convention Center, on the Potomac River
in Prince George's County, Md., a short drive from downtown
It will be part
of National Harbor, a 300-acre, mixed-use development under
National property will include 400,000 square feet of meetings
space, which would be one of the largest facilities in the
Washington area when it opens in 2008. It also will have many of
the signature elements of other Gaylord resorts, including a spa
and dining venues.
Gaylord also has
entered into an agreement with the Unified Port of San Diego to
develop a convention hotel complex on an undeveloped, waterfront
section of San Diego's Chula Vista area.
call for a 1,500- to 2,000-room hotel with up to 500,000 square
feet of convention and meetings space.
National, the San Diego resort also would serve as an anchor to a
larger multiuse project.
To contact reporter Michael Milligan, send e-mail to [email protected].