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Texas  + State of Texas  + Hospitality  | 
Cambria Hotel Waco one of 3 KB hotels to open

First of 3 TIF Zone Waco Hotels Opens

The Cambria Hotel, the first of three East Waco hotel projects by KB Hotels, met its Nov. 10 completion goal, with March completion dates on the horizon for the neighboring Even Hotel and Holiday Inn Express. The hotels are expected to receive Tax Increment Financing (TIF) Zone rebates should KB complete the hotels on time.

The 132-room upscale hotel began rooming guests last week after receiving a temporary certificate of occupancy, which allows the structure to be occupied while awaiting its final checks.

The Cambria Hotel will receive $1.34 million from the TIF Zone and up to $1.72 million in hotel occupancy taxes.

The 128-room Even Hotel, if complete by March 1, will receive $1.15 million in TIF funding and up to $1.68 million in taxes.

And the 101-room Holiday Inn Express, if complete by March 1, will receive $780,000 from the TIF and up to $1.46 million in taxes.


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KB Hotels

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Development