Overview
- Endeavor’s bid offers $1 million upfront and roughly $11 million over 20 years to recoup the city’s $11.5 million investment in the property.
- The purchase proposal is contingent on Shawnee County contributing $6 million to rehabilitate the adjoining Maner Conference Centre and granting Endeavor a long-term management agreement.
- Endeavor CEO Roy Arnold says the hotel is losing money under current operations but could thrive as a full-service, nationally branded conference venue that attracts larger conventions.
- City council members including Brett Kell and Marcus Miller express confidence in the deal and say formal negotiations with county officials are advancing.
- Shawnee County commissioners have not publicly commented on the request and are in early negotiations with Endeavor representatives, with a follow-up meeting scheduled this Wednesday.