Government-owned or subsidized hotels and convention centers are an example of a kind of perverted reverse socialism, because they take from the poor and the working class (taxpayers), and give to those who are already well-off (for example, Penn Square Partners).
Programs that provide nearly unlimited taxpayer funding for hotels and convention centers (and other programs that primarily benefit those who are financially well-off and/or politically powerful) achieve the opposite of the goals of socialism: they increase the divide between the well-off and everyone else, instead of providing for "a fair distribution of wealth".
I have NO problem with anyone who has personally worked hard to achieve what they have. I have a BIG problem with my tax dollars lining their pockets, which is why I have opposed the hotel and convention center project.