Tax Break Boosts Hotel Development in Low-Income Districts


An example of a Moxy hotel, one of the Marriott brands. Developers may take advantage of a new tax law to build a Moxy in the Williamsburg neighborhood of Brooklyn and other low-income districts in the U.S. Marriott

Skift Take: The 2017 U.S. tax overhaul introduced favorable treatment for investments made in about 9,000 low-income areas. Some developers have reacted by constructing hotels rather than, say, hospitals or affordable housing. We like hotels but question using tax laws to max out their construction in places like Brooklyn’s hip Williamsburg district.

— Sean O’Neill

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