Company: Hyatt Place Hotel Parent Company: Hyatt Hotels Subsidy Source: local Location: Virginia City: Fredericksburg Year: 2016 Major Industry of Parent: hotels Specific Industry of Parent: hotels Subsidy Value: $25,090 Program Name: Fredericksburg: Sales Tax Reduction Awarding Agency: City of Fredericksburg Type of Subsidy: tax credit/rebate Number of Jobs or Training Slots: 20 Capital Investment: $11,000,000 Source of Data: Direct from agency; not on web Notes: Subsidy value is incentive value for year. Jobs is number of jobs created over subsidy period. 100% Reimbursement of 1% local sales tax and 1% state sales tax. $620,000 limit ($310,000 from city). Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.