AMARILLO, Texas (KAMR/KCIT) — The City of Amarillo City Council voted on an agreement to restore the Herring Hotel during the regularly scheduled city council meeting.
Amarillo City Council talks Fermi America water agreement, Amarillo Zoo lease, Herring Hotel project in Tuesday meeting
During Tuesday’s meeting, the city council voted 4-0 (Tim Reid, Councilmember Place 1 abstained from the vote) to approve the Chapter 380 Economic Development Program Agreement. According to the city council agenda, the agreement includes rebates of the following collected by the hotel once in operation: 100% local Hotel Occupancy Tax for five years, followed by 50% local Hotel Occupancy Tax for five years, 100% of the State’s Sales Tax revenues for 10 years, and 100% State Hotel Occupancy Tax for 10 years.
In the previous city council meeting, developer with Herring Hotel Partners, Todd Harmon and the founder of Campo Architecture, John Campo, presented plans to transform the nearly 100-year-old Herring Hotel into a boutique hotel, with the project estimated to cost around $100 million.
The proposal calls for a four-and-a-half-star hotel featuring 226 guest rooms, two restaurants, a pool deck, and a rooftop bar with views of the downtown. Plans also include restoring the hotel’s original Tascosa room, which was once a popular gathering space in Amarillo’s early years. Developers said they hope to begin construction in the coming months, with the goal of reopening the hotel – which has been vacant for nearly 50 years – within two years…