1. Applicants who qualify to receive HOT grant funds will be awarded a set amount of funding per room night based on the average daily room rate for Buda hotels. The average daily room rate is established and set at the beginning of the fiscal year by the Buda City Council.
FY2023 Average Daily Room Rate: $150.00
- Funding is capped at $10,000 per event.
- Evaluation for funding is determined by room nights obtained as a direct result of the tourism-related event or activity. The number of room nights is determined through past event data provided by the applicant and may be verified by the City of Buda Destinations Services Department
For example, if an event has historically obtained 50 room nights as a direct result of their event, then the funding would equate to $150 multiplied by 50 room nights for a total of $7,500 in HOT grant funding.
Disclaimer: Hotel Occupancy Tax Reimbursement Grants are not guaranteed. All HOT grant applications must be reviewed for completeness and eligibility by city staff and allocation of funds is awarded at the discretion of Buda City Council.