Photo courtesy New Orleans Ernest N. Morial Convention Center.

$600M Omni headquarters hotel clears financing hurdle

By CityBusiness Staff Reports

September 17, 2026

The Story

The Louisiana State Bond Commission on Thursday unanimously approved key financial terms for the planned $600 million Omni headquarters hotel at the New Orleans Ernest N. Morial Convention Center, clearing a major state financing hurdle for the long-planned project.

“State Bond Commission approval is a very significant win for Louisiana and moves the Omni Headquarters Hotel substantially closer to beginning construction,” said Jim Cook, president and CEO of the New Orleans Ernest N. Morial Convention Center.

BGR’s Role

The original agreement contemplated an estimated $836.7 million in hotel-generated tax rebates over 45 years. The Bureau of Governmental Research, which had urged the Convention Center to restructure the subsidies, said the August change could substantially reduce the public’s long-term cost, although the final savings depend on how the revised contribution is financed and other unresolved details.

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