1. (1) Notification of the open mitigation and list of city-wide events for the claim period application period will be posted on the GOEO website.
2. (2) An applicant who fails to enter into a contract or apply for mitigation during the open application period, in a format and method provided by the Office, will not be eligible for mitigation funds during that year.
3. (3) For four consecutive years, the Hotel Impact Mitigation Fund will accept applications per Subsection 63N-2-512(6). An applicant must submit a new claim application each year, and the application must reflect the qualified losses for city-wide events for January 1st to December 31st of the year claimed.

4. (4) To be determined eligible for reimbursement from the Hotel Impact Mitigation Fund, an applicant shall demonstrate:

   1. (a) that the applicant is a hotel built in the state before July 1, 2014;
   2. (b) that the hotel has experienced qualified losses as defined in Subsection 63N-2-512(1)(d);
   3. (c) that the hotel is located within one mile of the Hyatt Regency Salt Lake City located at 170 South West Temple; and

   4. (d) to show qualified losses, the applicant shall:

      1. (i) provide the applicant's total average room-night revenue and number of room nights for city-wide events, by year, between January 1, 2017 and December 31, 2019. The Office shall calculate the annual average room-night revenue and the annual average number of room nights to establish the baseline;
      2. (ii) provide average annual room-night revenue and number of room nights for city-wide events of the claiming year
      3. (iii) attest the information in the application is accurate;
      4. (iv) that the applicant entered into a contract with the Office for the Hotel Impact Mitigation Fund; and
      5. (v) apply during the open application period as set forth in Subsection (1).
5. (5) If an application for reimbursement by the Hotel Impact Mitigation Fund is denied, the entity may seek review by the Executive Director of the Governor's Office of Economic Opportunity, using the procedures set forth in Section 63G-4-301. Within five business days of receiving notice from the Office that the application has been denied, the applicant must file a review.

KEY: hotel convention center incentives, tax credits

Date of Last Change: November 14, 2025

Notice of Continuation: November 28, 2025

Authorizing, and Implemented or Interpreted Law: 63N-2-509