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Thursday, October 31, 2013

New developer for convention center hotel


Amarillo’s Local Government Corp. announced a revised deal for the development of a downtown convention center hotel Thursday.

In an orchestrated presentation, Chuck Patel from NewcrestImage and Costa Bajjali, of Wallace Bajjali Development Partners, told the ALGC and gathered guests that Patel’s firm will take over the financing and development of a new hotel. NewcrestImage’s predecessor firm developed the Courtyard by Marriott in the Historic Fisk Building.

But, while the soil sampling and site work is going on now, the financing isn’t completely nailed down, according to Patel, who gave a short interview here. Bajjali’s interview, in which he said the firm has met contractual requirement with the city of Amarillo and the ALGC, can be found here; and, city Manager Jarrett Atkinson’s clarification can be found here.


The full meeting is here.

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