Incentive Agreement Proposed for RIDA COTA Hotel
City of Austin cityCity · Austin, TX- Disclosed value
- Performance-based payments up to 8.25% of gross room night revenue (term up to 30 years)
- From agenda
- Document date
- Apr 23, 2026
- Term
- Term up to 30 years
The 30-second brief
Austin is considering an economic development incentive agreement with RIDA COTA Hotel, LLC under the Business Expansion Program for a term of up to 30 years. The deal would provide performance-based payments equal to up to 8.25 percent of gross room night revenue generated by the hotel.
Rida Cota Hotel LLC holds this financial services contract with City of Austin city. Its other public contracts on record include work for Austin - Music Commission.
Term as filed: Term up to 30 years.
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Contract details
- Contract type
- Financial Services
- Amount
- Performance-based payments up to 8.25% of gross room night revenue (term up to 30 years)
- Document date
- April 23, 2026
- Term
- Term up to 30 years
- Vendor
- Rida Cota Hotel LLC
- Agency
- City of Austin city
- Source document
- City of Austin Council Meeting Agenda April 2026 (Agenda)
Rida Cota Hotel LLC's other public contracts
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Questions about this contract
Who was awarded the financial services contract by City of Austin city?
Rida Cota Hotel LLC was awarded this financial services contract by City of Austin city, as recorded on April 23, 2026. The contract value is Performance-based payments up to 8.25% of gross room night revenue (term up to 30 years).
How much is the Rida Cota Hotel LLC contract with City of Austin city worth?
The Rida Cota Hotel LLC contract with City of Austin city is valued at Performance-based payments up to 8.25% of gross room night revenue (term up to 30 years), covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in City of Austin Council Meeting Agenda April 2026 (Agenda), dated April 23, 2026 from City of Austin city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Rida Cota Hotel LLC hold?
Rida Cota Hotel LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Austin city currently buying?
Explore City of Austin city's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.