Okay, I finally have a update. I figured out my budget, and I realize that the Emanuel building is not economically feasible. Therefore, I have selected an alternative site.
Details:
Where: La Quinta Inns & Suites Fort Worth - Lake Worth
Address: 5800 Quebec St. Fort Worth, TX 76135
Why did I select the venue? Because I figure that the building has plenty of room in the meeting facility for a reasonable sized tournament(I'm going to look at it in the next few days to make sure), plus I could potentially get a discount to renting the place if people stay in the hotel. Rooms will regularly run about $82 a night for a king sized bed($92 for twin Queen beds), double occupancy. The basic rooms also feature a microwave and refrigerator so you can keep your sodas cold and cook your cup ramen at the same time. I was going to recommend this hotel for out of town players anyway, so it all works out well in the end.
Another reason why I could fall in love with the venue is because I could potentially hold tournaments over two or three days if I wanted to without paying outrageous fees to secure the venue.
Anyway, tell me what you think?