EDA Approves $200,000 Hyatt Select Hotel Grant Agreement
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Description
The York County Economic Development Authority approved a $200,000 Economic Development Incentive Grant Agreement with Capital Williamsburg, LLC (DBA Hyatt Select) to renovate the LaQuinta Inn on Bypass Road into a Hyatt Select hotel. Funds will be released in two installments tied to certificate of occupancy and one year of brand-compliant operation.
Contract Details
Contract Amount
$200,000
Vendor
CAPITAL WILLIAMSBURG LLC DBA HYATT SELECT
Agency
York County, VA
Contract Type
OTHER
Document Date
March 24, 2026
Contract Term
50% payable upon submission of Certificate of Occupancy and hotel being open and operating under the Hyatt Select brand; remaining 50% after twelve months of hotel being open and operating under the Hyatt Select brand
Renewal Info
One-time incentive grant agreement with two milestone payments; no renewal options specified.
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