Contract CW42226

The University of Nebraska, through the Board of Regents on behalf of the University of Nebraska Omaha, awarded a Group Sales Agreement to AC Hotel New York Times Square (operated by Palmetto Hospitality of Manhattan III, LLC) for hotel accommodations supporting the UNO BOLD event. The contract, executed February 27, 2026, specifies a room block commitment of 21 Standard King rooms with single/double occupancy at $339 per night, distributed across three nights: September 12-14, 2026. The place of performance is the AC Hotel New York Times Square in New York. The contract value is $9,212.00 (including applicable state and local taxes of 14.75% plus $3.50 per room), with an advance payment of $4,121.35 due June 15, 2026, and a remaining balance of $4,121.36 due July 29, 2026.

The agreement includes ancillary hotel services, specifically complimentary high-speed Wi-Fi, water bottles, fitness center access, local calls, business center facilities, restaurant access, breakfast options, and Marriott Bonvoy loyalty points. The University committed to the room block with a liquidated damages provision requiring payment of 100 percent of total guest room revenue ($8,242.71) if actual room usage falls below 80 percent of committed nights and cancellation occurs within 30 days of arrival. The contract is governed by Nebraska law, with jurisdiction vested in Lancaster County, Nebraska courts or binding arbitration. Individual guest incidental charges remain the responsibility of guests, while room and tax charges are billed to the University's master account. The room assignment cut-off date is July 29, 2026.