OTHERRECOMMENDED

TIRZ Developer Agreement for New Hampton Inn Hotel

The City of Amarillo plans to enter a TIRZ #1 developer agreement with Rillo Investments, LLC for a $28 million, 122-room Hampton Inn Hotel near SE 10th and S. Buchanan. The deal provides a 10-year, 100% property tax rebate and up to $900,000 in grant funding for infrastructure and site improvements.

Status
RECOMMENDED
Document date
April 24, 2026
Contract type
OTHER
Vendor
Rillo Investments Llc
Agency
city of Amarillo · TX

Trusted by teams at

Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not less than $28,000,000 investment; up to 100% property tax rebate for 10 years and a grant not to exceed $900,000
Contract type
OTHER
Contract term
10-year property tax rebate period
Renewal
Agreement includes a 10-year period of 100% property tax rebates; additional renewals are not specified.
Document type
Agenda
Source document
City of Amarillo City Council Regular Meeting Agenda April 2026

Related contracts

Other contracts from Rillo Investments Llc.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by city of Amarillo?

Rillo Investments Llc was awarded this government contract by city of Amarillo, as recorded on April 24, 2026. The contract value is Not less than $28,000,000 investment; up to 100% property tax rebate for 10 years and a grant not to exceed $900,000.

How much is the Rillo Investments Llc contract with city of Amarillo worth?

The Rillo Investments Llc contract with city of Amarillo is valued at Not less than $28,000,000 investment; up to 100% property tax rebate for 10 years and a grant not to exceed $900,000.

What type of contract is this?

This is a government contract, documented as a agenda record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Amarillo City Council Regular Meeting Agenda April 2026 (Agenda), dated April 24, 2026 from city of Amarillo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Rillo Investments Llc hold?

Rillo Investments 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 Rillo Investments Llc's profile

What is city of Amarillo currently buying?

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

View city of Amarillo's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free