The Bristol Industrial Development Authority will consider on Monday whether to extend the construction and opening time frame outlined in an incentive agreement for a hotel being built in the Exit 7 area by S&D Hotel.
An updated incentive agreement approved by the IDA in December 2023 states that the hotel would be operational by March, but it also gave the company the option of extending that deadline to Sept. 30, if it’s approved by the IDA.
The $23 million project will be a dual-brand Home2 Suites and Tru by Hilton hotel. It will be six stories with 160 guest rooms, 90 suites for extended stays and 70 hotel rooms for those who will stay a night or two. 
It’s being built at Village Circle near the Hilton Garden Inn and a Cracker Barrel restaurant. It will include an indoor pool, fitness center and guest laundry.
Additional time is needed because there was an initial delay in starting the project and inclement weather has been a factor, said Mack Chapman, the city’s economic development manager.
The incentive agreement is a “no net loss rebate of the occupancy tax,” according to Chapman.
“There is no up-front incentive on this project. Basically, the owner will pay their occupancy tax as usual and we will rebate a portion of that back quarterly until the incentive or term is met,” he wrote in an email.
The amount will be $600,000 or six years, whichever comes first, Chapman added.
The city’s staff recommends approval of the extension, according to a summary document included with the meeting agenda.
The meeting will be held at noon Monday in the council chambers at City Hall, 300 Lee St.
