One of our readers pointed out a posting on another blog suggesting there is somehow an interesting parallel to be seen between the Sheraton in Phoenix losing money over the last several years and the purchase of the El Con Country Club for a Community Center.
We don’t see the sense of a comparison but in doing some digging, we found it interesting that Councilmember Bill Garner* asked the Town Manager if in doing his due diligence, had he considered making an offer for the hotel and resort, as that is where the money is and would give Oro Valley the opportunity to put its name on a hotel/convention center for our signature events. Garner felt OV was getting the “crumbs of the pot.” It was pointed out to Garner, that while not uncommon for municipalities to own hotels it was not an opportunity that was given consideration. However, the Town Manager said he would pursue at the direction of Council. It was unlikely to enter into discussions since there was already an offer from a buyer and conversations could not occur unless that deal fell through. Mayor Hiremath stated that for those that may not have known, the Phoenix Sheraton is probably the only municipally owned hotel in the state and believes Phoenix is losing somewhere in the neighborhood of 15 million dollars.
So what do you think, should the town have made an offer to buy the Hilton El Conquistador Golf & Tennis Resort? The hotel sold for $15 million, A $16 mil rehabilitation and capital improvement project is planned, CM Garner thinks this was a good idea. Your thoughts.
*December 4, 2014 Regular Town Council Meeting