ACVB BOARD OF DIRECTORS MEETING THURSDAY, JUNE 28, 2018 | 8:00 a.m. THE GATHERING SPOT
CALL TO ORDER
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JOHN STEPHENSON CHAIR, BOARD & EXECUTIVE COMMITTEE
WELCOME RYAN WILSON PLACE IMAGE HERE
OWNER THE GATHERING SPOT
DESTINATION REPORT
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MARK VAUGHAN EVP/CSO
ATLANTA OCCUPANCY – May 2018 May 2018 YTD Occupancy
City of Atlanta
Atlanta Convention Hotels
Hotels within 1-mile radius of GWCC
Metro Atlanta
Source: STR
2017
2018
73.7%
76.6%
76.8%
79.4%
74.2%
77.9%
70.4%
70.8%
KEY SALES ACTIVITIES Through May, we are 107% of our room night goal and 118% of our lead goal.
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Direct Sales Events ASAE Fellows Association Forum Gala PCMA Trade Show Fastest 50 IAEE SE Classic GSAE Annual Kellen Student Youth Travel ASAE Annual
Washington, D.C. Chicago Cleveland Chicago Athens, Georgia Destin, Florida Chicago Baltimore Chicago
Green Up = 10% above average Orange Equals = Within 10% +/- of average Red Down = 10% below average
BOOKINGS May 2018
Additional Rooms
Grand Total
3,620 138,192
2018 YTD
Additional Rooms
Grand Total
57,048
701,063
MAJOR GROUPS FOR FUTURE YEARS
GWCCA UPDATE
Joe Bocherer CCO GWCCA
GWCCA-Project Update ACVB Board of Directors June 28, 2018
GWCCA Current & Upcoming Projects May 16th 2018
Convention Center Hotel
• 1,110 Rooms • 100,000 SQFT of Space Brand Choices: • • • • • •
Intercontinental Marriott Hyatt Hilton MGM Resorts Fairmont
Opening Early 2022
CEF- BC Exhibit Hall
Overall Plan
View of BC Exhibit Hall (looking north)
Flooring Project
Building C Lobby
Georgia Mountains
Georgia Trees
Georgia Beaches
Trees Concept Bldg B
Centennial Olympic Park
Centennial Olympic Park Vision – Phase 1
Centennial Olympic Park Vision – Pedestrian Mall
Ring Spectacular
Centennial Olympic Park Vision – Baker Street Entrance
Centennial Olympic Park Vision – Paralympic Plaza entrance
Orange Parking Deck
Orange Deck
Andrew Young International Blvd
Plaza Bus Terminal
View looking West
View Looking East
View Looking West
View looking North
View looking North
The Home Depot Backyard
The Home Depot Backyard
The Home Depot Backyard
2017 GWCCA Campus Activity
Questions??
Georgia Aquarium Update PLACE IMAGE HERE
JOSEPH HANDY PRESIDENT & COO GEORGIA AQUARIUM
Predator Gallery Expansion 2020
Predator Gallery Project Overview Predator Gallery Experience Schedule
Project Overview New Predator Gallery • 28,000sf Gallery • Cage Dive • Stingray Experience • Behind the Scenes Tour • 1 M gallons • 165’ Glide Path • 20’ Water Depth New Guest Entry / Ticket Plaza on the Ground Level Renovated Retail to Accommodate New Exit
Exterior Massing
Existing
New
GAQ Entry Level Floor Plan
Dolphin 35,000 sf
Café & Seating 7,500 sf
Cold Water 20,000 sf River Scout 9,000 sf
Pier 225 16,000 sf
Ocean Voyager 55,000 sf
Tropical Diver 10,000 sf Retai l 6,000 sf
Entry & Ticketing
GAQ Entry Level Floor Plan Ocean Voyager 55,000 sf Café & Seating 7,500 sf
Dolphin 35,000 sf
Cold Water 20,000 sf River Scout 9,000 sf Pier 225 16,000 sf
Predator Entry & Retail
Tropical Diver 10,000 sf Retai l 6,000 sf
Entry & Ticketing
Predator Expansion Site Ivan Allen
Baker Street
Gallery Entrance
Predator Gallery Plan
Entry
First View
Overhead View
The Caverns
The Caverns
Half-Dome Room
Predator – Special Events
Half Dome: 90 seats shown
Overhead: 90 seats shown
Predator Encounters
Cage Dive Immersion Pool Behind the Scenes Tour
Predator Encounters Support Meeting Room Locker Rooms Wetsuit Storage
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Schedule Predator
SD – CD - 16 Mo
Concept
IFB IFP Construction - 24 mo
Education & Ticketing
Design
IFB IFP
Const.
FINANCIAL REPORT
GREGORY PIERCE EVP/CAO/CFO
FINANCIAL STATEMENT SUMMARY WITH FORECAST THROUGH APRIL 30, 2018
CONSOLIDATED
CONSOLIDATED
2018
2018
2017
2018
2018
ACTUAL
BUDGET
YTD
YTD
2018
ACTUAL
YTD
FULL YR
FULL YR
YTD
VARIANCE
BUDGET
FORECAST
SUPPORT & REVENUE Public Sector Private Sector
TOTAL SUPPORT & REVENUE
8,332,607
8,444,091
8,615,040
(111,484)
23,951,587
23,951,587
904,019
622,598
2,069,507
281,421
9,067,000
9,067,000
9,236,626
9,066,689
10,684,547
169,937
33,018,587
33,018,587
2,962,842
3,002,152
2,928,992
39,310
9,565,102
9,565,102
EXPENSE Payroll & Related Expense Other Operating Expense Direct Promotional Expense
Capital Expense
TOTAL EXPENSE
295,286
307,174
376,280
11,888
837,000
837,000
4,699,496
4,652,345
5,478,704
(47,151)
20,330,190
20,330,190
575,301
583,927
647,788
8,626
1,899,000
1,899,000
8,532,925
8,545,598
9,431,764
12,673
32,631,292
32,631,292
703,701
521,091
1,252,783
182,610
387,295
387,295
EXCESS(DEFICIENCY) OF REVENUE OVER EXPENSE
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@christopherbw
PRESIDENT’S REPORT
WILLIAM PATE PRESIDENT & CEO
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OLD BUSINESS
NEW BUSINESS
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ADJOURN