Cooper Hotels seeks tax abatement for new dual-brand hotel project in Romulus

Romulus is poised for a significant transformation as Coral Hotels seeks a tax abatement to pave the way for a new dual-brand hotel development. During the recent city council meeting, Jeff Thompson, Vice President of Operations for Coral Hotels, highlighted the urgent need for change in the area surrounding the existing Embassy Suites, citing the negative impact of the nearby Roadway Inn on the community's image.

Thompson, who has been part of the Romulus community since 2002, emphasized that the proposed project would not only enhance the local landscape but also generate substantial tax revenue. He explained that while the company is requesting a 50% tax abatement, the new hotel is expected to increase tax contributions from approximately $50,000 to an impressive $250,000 annually. “If we don’t do it, you’re not getting the tax; it’s actually going to go down,” Thompson warned, stressing the importance of this development for the city’s financial future.

Bates Cooper, President and CEO of Coral Hotels, echoed Thompson's sentiments, noting that this would be the largest development his company has undertaken. The project, which includes a 210-room hotel featuring two Hilton brands—Home2 Suites and True by Hilton—represents a $60 million investment aimed at revitalizing the area and removing blight.

The council's decision on the tax abatement could be a turning point for Romulus, potentially leading to a new era of growth and improved community resources. As the city grapples with funding challenges, the anticipated tax revenue from this development could provide much-needed support for local schools and services. The council is now tasked with weighing the benefits of this ambitious project against the request for tax relief, a decision that could shape the future of Romulus for years to come.