The average property within an expanded, citywide Special Improvement District (SID) would pay about $1,437 in taxes to the SID, but the average among industrial properties and apartments would be nearly twice as high as commercial properties.
In case you missed it, the infamous tower at the former Kings Inn motel is no more, having been demolished last month. The hotel itself is no longer a Kings Inn but a newly renovated Super 8, one of more than a dozen brands within Wyndham.
Continue reading R.I.P. Kings Inn tower, hello Super 8
The not-so-iconic tower at the Kings Inn motel on Routes 1&9 will have to live on via the Internet — its claim to fame found in this video for a once-popular 1990s hip hop song — because its days are numbered.
|View from East Milton Avenue|
A new extended stay hotel is taking shape off Routes 1 and 9, with signage recently going up for the Home2 Suites by Hilton.
A new hotel just off Routes 1&9 finally broke ground last month.
A four-story, 93-unit Candlewood Suites gained approval from the Planning Board in March 2009, which was later changed to become a Home2 Suites by Hilton extended stay hotel. Originally, the plan was to construct a Sleep Inn just off Routes 1&9 at the corner of East Milton Avenue and Lennington Street.
The vacant 4.4-acre site was acquired in June 2008 for $2.35 million and currently pays about $6,000 in property taxes as two parcels (Block 338, Lots 3.01 and 3.02).
The city continues to see increased revenues from the local hotel tax enacted almost a decade ago. About $55,000 was realized in the transitional year 2011 budget, covering July to October 2011. Pro-rated, that would be about $110,000, compared to $103,000 in Fiscal Year 2011, $99,000 in 2010, $58,000 in 2009 and $36,000 in 2008, according to municipal budget documents.
The state imposes a 5-percent hotel tax and municipalities are allowed to impose an additional levy of their own of as much as 3 percent. The hotel tax was created during the McGreevey administration in 2003 and Rahway enacted the local tax effective Nov. 1, 2003.
For at least the third time in about five years, a new hotel brand is line for the corner of East Milton Avenue near Lennington Street and Routes 1/9. Home2 Suites by Hilton will replace Candlewood Suites, a Holiday Inn brand, as the extended stay hotel planned for the site. The Planning Board on Tuesday night approved an amendment to a previous preliminary and final site plan that was granted in the spring.
Home2 Suites by Hilton is a mid-tier, extended stay brand by Hilton hotels, launched in January 2008. A representative of Hilton told the Planning Board that Home2 Suites is a higher-end brand than previously was approved and has higher rates and deeper market penetration. About 55 have been approved nationwide and another 50 are expected in the next year if the economy gets better, he said.
There were few changes to the site plan that gained approval in March, according to Christopher Armstrong, attorney for applicant Family Hospitality Inc. The primary difference is an indoor pool, a requirement of Hilton, he added. The previous site plan called for a 93-unit, four-story structure and prior to that the plan was to build a Sleep Inn.
While the Planning Board approved the plans Tuesday night, city planning officials still must approve specifics, including exterior colors and materials, among other things.