Downtown Houston Economic Development Policy

SAG created an economic development policy to foster the development and redevelopment of smaller hotels in the downtown area. Following the successful financing of the 1,200-room Hilton Americas convention hotel, the City desired to foster the development and redevelopment of smaller hotels in downtown that would support the convention center and local businesses. SAG helped the City develop an economic development policy that provided hotels with a rebate of a portion of the hotel occupancy tax they generate for a period of ten years if the hotel was developed or redeveloped, and provided a room block to convention center events. A number of hotels took advantage of the economic stimulus package and several hotels were developed and redeveloped.

Project Components: Downtown Area Redevelopment including hotels