I swear if I had the money I would. It would be on the water, with lots of windows. Have one smaller room, and one very large room (300+ people.) With hardwood floors so the dance floor can be as big as it needs to be, to accommodate people who actually partner dance not just bump n grind, stand n sway. It would be open to people bringing in their own caterers. The larger room would have drapes that could be dropped from the ceiling to enclose the room more for a more intimate feel.
If I happened to be crazy rich I would just do it!
~Katy