TGC Group names hotel brand for catalyst site, its second Opportunity Zone project
TGC Group has selected a hotel flag for the Delano catalyst site — a 95-room Home2 Suites by Hilton — but president Nick Esterline says it’s even more significant that this is his company’s second major Opportunity Zone project.
“Although there’s a lot of hype about these deals, they’re really difficult to get done,” he says. “They’re big projects.”
Opportunity Zones are areas the federal government identifies as needing development and then defers taxes for investors who do work there.