Lancaster Economic Development Corporation Agenda Packet 2026-06-18
$140K Economic Incentive for New Lancaster Hotel
Trusted by teams at
Description
The Lancaster Economic Development Corporation approved a $140,000 performance grant for Mayflower Star LLC to offset a portion of development expenses for a new Homewood Suites hotel at 405 Hana Lane. Incentive is contingent on project completion, required investment, and ongoing operations through 2040.
Contract Details
Contract Amount
Not to exceed $140,000
Vendor
MAYFLOWER STAR LLC
Agency
City of Lancaster, TX
Contract Type
OTHER
Document Date
June 17, 2026
Contract Term
Effective date through December 31, 2040
Renewal Date
2040-12-31
Renewal Info
Term through 12/31/2040; City Council approval required for expenditures; payment upon meeting construction, investment, and documentation requirements. Operations must continue through 2040 or incentive repayment required per agreement.
More from City of Lancaster
City of Lancaster Agenda Regular Meeting 2026-06-18
City of Lancaster Agenda Regular Meeting 2026-06-18
Lancaster Economic Development Corporation Agenda Packet 2026-06-18
Lancaster Economic Development Corporation Agenda Packet 2026-06-18
City of Lancaster Agenda Work Session 2026-06-15
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.