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Cool Springs Conference Center plans August renovation; city to absorb one-month outage but expects modest profit
Summary
Managers of the Franklin Marriott Cool Springs conference center told the Budget & Finance Committee the center has returned significant profit historically, will close for renovations in August, expects reduced but positive profit in FY, and outlined capital projects and staffing pressures.
Matthew Leif, general manager of the Franklin Marriott Cool Springs, told the Budget & Finance Committee on March 20 that the Cool Springs Conference Center has produced steady profits over its 25-year history but will undergo a monthlong renovation in August that will reduce revenue in the current fiscal year.
Leif said the center and hotel (managed by Chartwell Hospitality) have generated roughly $4 million in cumulative profit for the city over the life of the facility but noted COVID-19 and renovation years can produce material year‑to‑year variation. He projected a modest profit of about $66,000 for the current fiscal year after accounting for the planned August closure;…
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