INCOM expects 6,000 attendees and is renting the space for an estimated three years at the 65-acre resort.
The exhibitor is bypassing the nearby 1.1 million-sf Orange County Convention Center where officials say the show wouldn't receive the same high exposure because of the convention center's size, according to a published report.
The 20-year-old convention center's occupancy has been improving steadily this year with an expected year-end average 65.2%. That number compares with 61.8% occupancy in 2001 and 62.9% in 2000.
But the center is under increasing pressure to raise occupancy because its debt load is approaching $1 billion. When the center's $750 million, one-million-sf expansion is completed in 2003, it will have two million sf of exhibition/meeting space.
That will make the property the third largest of its kind in the country, next to Las Vegas, 2.3 million sf, and Chicago, 2.2 million sf. Right behind are Atlanta, 1.3 million sf and New Orleans, 1.1 million sf.
Coinciding with INCOM's decision to go with Gaylord Palms, the dominant concrete industry exhibitor, World of Concrete, has informed Orange County officials it will be alternating annual shows between Orlando and Las Vegas after its 2004 production which will lease one million sf.
Hanley-Wood Exhibitions of Addison, IL owns World of Concrete which debuted in Orlando in February 2000 with attendance of 50,000.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
