Cornell study shows tax reform could boost hospitality investment
The U.S. Tax Relief Act of 2024, could offer significant tax breaks for hotels, spurring investment in renovations and upgrades
The study, conducted by Cornell’s Center for Hospitality Research, highlights how hotels of all sizes and service levels stand to benefit from H.R. 7024’s provisions to extend 100% bonus depreciation and expand deductibility of business interest. The bipartisan bill to temporarily extend these provisions passed the House in January and is now pending in the Senate.
The study outlines a range of tax relief scenarios, sampling 25 hotel properties of different sizes that could benefit from the bill.
Get the full study at Cornell’s Center for Hospitality Research