Tulyp Hotel addition reimbursed via brownfield TIF

Hotel Ventures 7th Street, LLC is slated to receive up to $906,300 in reimbursable eligible costs for the Tulyp Hotel Addition Project through Holland’s Parking Deck Brownfield Plan. TIF reimbursement will start once the 31-room addition and associated snowmelt infrastructure are completed and generating tax increment, expected in early 2027.

Scope & details

The full contract record, as filed.

Contract amount

$906,300 (MSF eligible activities for Tulyp Hotel Addition Project)

Contract type

CONSTRUCTION

Contract term

TIF reimbursement begins once increment is generated after completion (anticipated early 2027), continuing up to 30 years within the 33-year plan

Renewal date

2037-12-31

Renewal

Reimbursement from tax increment revenues will begin upon project completion and increment generation, with capture for eligible activities limited to the lesser of 30 years or full reimbursement, within the overall 33-year plan (ending 2037).

Document type

AgendaPacket

Source document

City of Holland Brownfield Redevelopment Authority AgendaPacket 2026-08-26

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City of Holland Brownfield Redevelopment Authority AgendaPacket 2026-08-26

City of Holland Brownfield Redevelopment Authority Agenda 2026-08-26

city_of_holland_downtown_development_authority_reg.pdf

PENDING

City of Holland, Michigan$400.00 per year, per space (26 spaces)Sep 2, 2025

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by City of Holland city?

Hotel Ventures 7th Street Llc was awarded this construction contract by City of Holland city, as recorded on August 26, 2026. The contract value is $906,300 (MSF eligible activities for Tulyp Hotel Addition Project).

How much is the Hotel Ventures 7th Street Llc contract with City of Holland city worth?

The Hotel Ventures 7th Street Llc contract with City of Holland city is valued at $906,300 (MSF eligible activities for Tulyp Hotel Addition Project), covering construction work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Holland Brownfield Redevelopment Authority AgendaPacket 2026-08-26 (AgendaPacket), dated August 26, 2026 from City of Holland city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hotel Ventures 7th Street Llc hold?

Hotel Ventures 7th Street 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.

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