Syracuse hotel digging for tax breaks might get them

Destiny USA Hotel Rendering

Destiny USA, a hotel under development in Syracuse, N.Y., is asking for $6.84 million in tax breaks and just might get it.

A public hearing held before the Onondaga County Industrial Development Agency showed supporters for the deal outnumbered its opponents three to one, with supporters claiming the new jobs generated by the 209-room hotel's development are more than worth the lost taxes.

"Jobs, jobs, jobs," said Van Robinson, president of the Syracuse Common Council. "How can we not approve a business that will demonstrate that they will provide jobs to the very people who need them?"

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

Destiny USA committed to hiring half of the 74 permanent workers for the hotel directly from Syracuse. 

Critics of the tax breaks said that the company should have applied for tax exemptions to the Syracuse Industrial Development Agency, which traditionally investigates projects for the city. 

Destiny's $48-million hotel will be seven stories, and will have 209 rooms.

Read more on

Suggested Articles

The hospitality arm of Frasers Property Group is planning to grow its Malmaison and Capri by Fraser brands over the next three to five years.  

The hotel is kicking off a brand that is poised to grow across both Israel and Western Europe.

A new report produced in collaboration with the Puerto Rico Tourism Co. outlines ways the island is attracting investment.