Bristol Considers $1M Incentive for New Hotel
City of BristolCity · Bristol, VA- Disclosed value
- $1,000,000
- From agenda
- Document date
- Nov 28, 2023
- Term
- 4 years
The 30-second brief
City of Bristol is considering a performance agreement with S & D Hotel, LLC, offering up to $1,000,000 in incentives for a new dual-brand Hilton hotel project in The Village development area. The incentive will be paid quarterly, based on the hotel's lodging tax revenue, over a maximum of four years.
S & D Hotel holds this economic incentive contract with City of Bristol.
Term as filed: 4 years.
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Contract details
- Contract type
- Economic Incentive
- Amount
- $1,000,000
- Document date
- November 28, 2023
- Term
- 4 years
- Vendor
- S & D Hotel
- Agency
- City of Bristol
- Source document
- city-of-bristol-agenda-performance-agreements-appropriation-infrastructure_bf0.pdf (Agenda)
S & D Hotel's other public contracts
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Questions about this contract
Who was awarded the economic incentive contract by City of Bristol?
S & D Hotel was awarded this economic incentive contract by City of Bristol, as recorded on November 28, 2023. The contract value is $1,000,000.
How much is the S & D Hotel contract with City of Bristol worth?
The S & D Hotel contract with City of Bristol is valued at $1,000,000, covering economic incentive work.
What type of contract is this?
This is a Economic Incentive contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-bristol-agenda-performance-agreements-appropriation-infrastructure_bf0.pdf (Agenda), dated November 28, 2023 from City of Bristol. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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