Hotel Impact Mitigation Fund
Hotel Impact Mitigation Fund supports affected Salt Lake City hotels by offsetting revenue losses during qualifying city-wide events following the Grand Hyatt’s addition to the market.
Funder: Utah Governor's Office of Economic Opportunity
Due Dates: December 31, 2026 (Contract application) | February 15, 2027 (2026 claim)
Funding Amounts: $2.1 million available annually; awards prorated among affected hotels
Summary: Offsets qualifying revenue losses at Salt Lake City hotels during city-wide events following the Grand Hyatt’s addition to the market.
Key Information: Hotels must have been built before July 1, 2014, and be within one mile of the Hyatt Regency Salt Lake City.
Description
The Utah Governor’s Office of Economic Opportunity administers the Hotel Impact Mitigation Fund to offset revenue losses at affected Salt Lake City hotels during qualifying city-wide events. The current version covers losses attributable to the Grand Hyatt’s addition to the market. Visit Salt Lake supplies event information, and the office identifies which events can be considered for baseline and claim years.
A hotel’s claim-year room nights and room-night revenue are compared with averages from qualifying events in 2017, 2018, and 2019. When the comparison establishes a qualified loss, the program calculates lost revenue using the difference in room nights and the annual group rate. Awards are prorated among affected hotels.
