By Joe Ferguson | Arizona Daily Star
The Tucson City Council signaled Tuesday night that they would sign off on millions of dollars in incentives to remodel long-closed Hotel Arizona in downtown Tucson.
The HSL Properties-owned hotel, at the corner of West Congress Street at South Granada Avenue, has been closed since 2012. Under the plan it would receive a $45 million facelift with plans re-open it as a 296-room Hyatt Regency-branded luxury hotel in early 2021.
For its part, the city would give the developers up to $1.85 million through a set of tax breaks over eight years. Property taxes and other taxes on the renovated property would be waived through a Government Property Lease Excise Tax during the first eight years after construction.
