Rebound Partners seeks tax abatement for Hilton hotel in Marshall

During the recent Marshall City Council meeting, discussions centered on a proposed Hampton Inn hotel project aimed at addressing a significant gap in local accommodations. The developers, including Rebound Partners and Revocity, presented their plans for the hotel, which would be strategically located next to the Red Baron Arena, a site that attracts numerous visitors for events and tournaments.

The developers highlighted that Marshall has been experiencing "visitor leakage," where potential guests choose to stay in nearby cities due to a lack of preferred hotel brands. This trend has been identified through community interviews and reconnaissance conducted earlier this year. The proposed hotel is expected to cater to various groups, including business travelers, sports teams, and wedding parties, thereby enhancing the local tourism infrastructure.

The project is estimated to cost approximately $16 million, with the developers seeking a $500,000 forgivable loan from the city as part of a 10-year tax abatement request. This tax incentive is viewed as crucial for bridging the financing gap and ensuring the project's feasibility. Without this support, the developers warned that the opportunity for economic growth, job creation, and increased property values could be lost, as they might consider other cities with more favorable tax incentives.

The council members expressed interest in the project, recognizing its potential to boost local lodging options and generate additional tax revenue. The developers emphasized that the hotel would not only provide enhanced accommodations for residents and visitors but also create jobs during construction and once operational.

In conclusion, the proposed Hampton Inn project represents a significant opportunity for Marshall to improve its hospitality offerings and stimulate economic development. The council's decision on the tax abatement request will be pivotal in determining the project's future and its potential benefits for the community.