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Town of Alexandria Awards $457,837 Tax Abatement Contract to Runestone Hospitality Group (February 2025)

Town of Alexandria
Disclosed value
$457,837
From meeting minutes
Approved
Feb 24, 2025
Term
8 years

The 30-second brief

What it covers

City Council authorizes a tax abatement not to exceed $457,837 over eight years to Runestone Hospitality Group, LLC for financing the construction of a Holiday Inn Express with indoor pool and conference space.

Who holds it

Runestone Hospitality Group holds this tax abatement contract with Town of Alexandria. Its other public contracts on record include work for City of Alexander and HRA of ALEXANDRIA, MINNESOTA.

What happens next

Term as filed: 8 years.

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Contract details

Contract type
Tax Abatement
Amount
$457,837
Document date
February 24, 2025
Term
8 years
Vendor
Runestone Hospitality Group
Agency
Town of Alexandria
Source document
town-of-alexandria-meeting-minutes-2025-02-24_b4a.pdf (Meeting Minutes)

Runestone Hospitality Group's other public contracts

City of Alexander, ArkansasRunestone Hospitality gets tax break for Holiday Inn · Feb 24, 2025$457.8KHRA of ALEXANDRIA, MINNESOTA, MinnesotaTax Abatement resolution for Runestone Hospitality Group, LLC · Feb 24, 2025UndisclosedTown of Krain, MinnesotaPublic hearing for Runestone Hospitality Group's tax abatement · Feb 24, 2025UndisclosedTown of Krain, MinnesotaRunestone Group receives $457K Tax Abatement · Feb 24, 2025$457.8KHRA of ALEXANDRIA, MINNESOTA, MinnesotaRunestone Group seeks tax abatement for expansion · Jan 13, 2025UndisclosedAll Runestone Hospitality Group contractsVendor profile

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Questions about this contract

Who was awarded the tax abatement contract by Town of Alexandria?

Runestone Hospitality Group was awarded this tax abatement contract by Town of Alexandria, as recorded on February 24, 2025. The contract value is $457,837.

How much is the Runestone Hospitality Group contract with Town of Alexandria worth?

The Runestone Hospitality Group contract with Town of Alexandria is valued at $457,837, covering tax abatement work.

What type of contract is this?

This is a Tax Abatement contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in town-of-alexandria-meeting-minutes-2025-02-24_b4a.pdf (Meeting Minutes), dated February 24, 2025 from Town of Alexandria. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Runestone Hospitality Group hold?

Runestone Hospitality Group 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 Town of Alexandria currently buying?

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

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