The Hampton Inn here charges $172.55/night in July with taxes/fees of $37.34 on top (21.64 percent).
Let's pretend that Holiday Inn will be 100 rooms and rent at $150/night and have an occupancy rate of 70 percent ... this will produce more than $800,000/year in taxes/fees. ... I'm not sure how much of that stays local but certainly the major portion. Let's build this.
If councilman Fernandez can find companies that pay more than Holiday Inn then bring 'em in. More competition for labor always raises wages.
- John H. Mantis, Ranchos de Taos