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Council Approves 10-Year Hotel-Tax Rebate for Peace Road Hotels LLC
Summary
DeKalb City Council approved a 10-year hotel-tax sharing agreement to support construction of a Marriott-branded TownePlace Suites/Fairfield Inn complex at 902 Peace Road; the rebate is capped at $2 million.
The DeKalb City Council voted Sept. 8 to approve a hotel-tax rebate agreement with Peace Road Hotels LLC to support construction of a four-story, 120-room Marriott-branded hotel complex at 902 Peace Road. The resolution passed by roll call, with a 7–0 vote in favor.
Why it matters: The rebate is intended to help offset development costs and incentivize a branded hotel that the city says will expand lodging options and capture hotel-motel tax revenue locally.
Terms and scale: The…
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