IDA Approves Extended PILOT for CI2 Hotel

The Town of Islip Industrial Development Agency approved a second extension and modification of the PILOT agreement with Briad Lodging Group CI 2, LLC for the hotel at 11 Courthouse Drive. The resolution extends real property tax abatements through 2041 and updates the lease documents to reflect an eight‑year PILOT extension.

Scope & details

The full contract record, as filed.

Contract amount

PILOT schedule from 2027 to 2041 with payments starting at $342,372 in 2027 and rising to $944,516 in 2041

Contract type

FACILITIES

Contract term

PILOT extension term of up to eight additional years, with payments scheduled for tax years 2027–2041

Renewal date

2041-12-31

Renewal

Second PILOT Extension adds up to eight years of property tax abatement following a prior two‑year extension, resulting in a total abatement period of approximately twenty years.

Document type

AgendaPacket

Source document

Town of Islip Town Board Discussion Agenda 2026-07-14

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by Town of Islip?

Briad Lodging Group Ci 2 Llc was awarded this facilities contract by Town of Islip, as recorded on July 14, 2026. The contract value is PILOT schedule from 2027 to 2041 with payments starting at $342,372 in 2027 and rising to $944,516 in 2041.

How much is the Briad Lodging Group Ci 2 Llc contract with Town of Islip worth?

The Briad Lodging Group Ci 2 Llc contract with Town of Islip is valued at PILOT schedule from 2027 to 2041 with payments starting at $342,372 in 2027 and rising to $944,516 in 2041, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Town of Islip Town Board Discussion Agenda 2026-07-14 (AgendaPacket), dated July 14, 2026 from Town of Islip. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Briad Lodging Group Ci 2 Llc hold?

Briad Lodging Group Ci 2 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.

View Briad Lodging Group Ci 2 Llc's profile

What is Town of Islip currently buying?

Explore Town of Islip's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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