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Old Posted Apr 22, 2009, 1:37 PM
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Hotel could get a tax deal

Quote:
Houston is poised to provide a $9.6 million tax subsidy for an Embassy Suites downtown, part of a raft of public-private hotel development that has sprung up since the completion of Discovery Green.

City Council today is expected to consider the deal, which would provide the hotel developer up to $1.4 million a year for seven years if it agrees to set aside at least 70 percent of the planned hotel’s 262 rooms for conventions and to participate in national advertising geared toward attracting more convention business to Houston.

Houston-based American Liberty Hospitality, which is developing the $34.5 million hotel, did not return a call seeking comment.

The Embassy Suites, planned for the corner of Crawford and Dallas, would be the first to receive a subsidy under an ordinance approved in October that would provide a 100 percent giveback of hotel occupancy taxes for seven years to any hotel built within four blocks of the George R. Brown Convention Center.
http://www.chron.com/disp/story.mpl/front/6385261.html