The development is expected to include over 1,000 guest rooms and approximately 100,000 square feet of meeting and event space.
According to Willard, the project will create roughly 2,500 construction jobs and 1,400 permanent jobs, generating millions in city sales tax revenue and payments in lieu of property taxes.
Press Release: New Orleans City Council
Reproduced in full from the New Orleans City Council.
New Orleans City Council Approves Council Vice President Willard's Resolution Advancing $625 Million Omni Headquarters Hotel Project
NEW ORLEANS, LA: Today, the New Orleans City Council approved a resolution introduced by Council Vice President Matthew Willard authorizing a Payment in Lieu of Taxes (PILOT) agreement for the proposed $625 million Omni Headquarters Hotel. This approval secures a transformative development that will drive major job creation, strengthen the city's hospitality sector, and fuel long-term economic growth.
The proposed development will include 1,000+ guest rooms and approximately 100,000 square feet of meeting and event space, and it is expected to attract new convention and leisure travelers to New Orleans. The PILOT agreement establishes a formula for payments from the new development to the Orleans Parish School Board and the city’s other taxing authorities, with baseline employment requirements designed to ensure the investment contributes to the local economy.
“The new Omni Hotel is a major economic win for New Orleans, creating roughly 2,500 construction jobs and 1,400 permanent jobs,” said Council Vice President Matthew Willard. “It will generate millions in city sales tax revenue, millions in annual payments in lieu of property taxes, millions in upfront permit fees, and millions more from the sale of one block of John Churchill Chase Street. The new hotel at the Convention Center will transform property that currently generates no city revenue into a lasting economic asset for New Orleans.”
"The Omni Hotel is a truly catalytic project that this administration continues to champion, and today's vote by the Council is a major development milestone,” said Jeffrey Schwartz, Deputy Mayor for Community and Economic Development. “This $625 million project will have outsized benefits for our city, creating thousands of jobs for New Orleanians, generating $8 million in new, annual local tax revenues, and ensuring that New Orleans remains one of the premier destinations for conventions and major events in the country. I want to express my gratitude to the leadership of the Council, the Convention Center, and Omni for their collaboration with the city to ensure that the Headquarters Hotel project will be a true win-win for our city, region, and state."
