The Anaheim City Council voted 3-2 last night to adopt a city-wide Hotel Incentive Policy to encourage the building of 4- and 5-Diamond hotel properties in Anaheim. The policy would provide an annual rebate to new luxury hotels equivalent to 70% of the Transient Occupancy Tax (TOT) generated by the hotel; this assistance would continue to 20 years. Existing hotels that upgrade to 4-Diamond status will receive a lesser rebate equivalent to 50% of the TOT increment generated by upgrade.
Read More
Recent Comments