The Hospitality and Hotel industry in College Park suffered severe economic calamity during the Pandemic. Loss of revenue from room occupancy, conferences and food sales displaced workers and reduced many services offered by the hotels and restaurants.
The Mayor and Council approved the use of ARPA Funds to assist College Park Hospitality and Hotel industries recover from financial hardship caused by the Covid-19 Pandemic. To date, using ARPA funds, the City has issued 86 grants to Families and Individuals totaling $125,718.06, and 49 grants to Businesses for a total of $1,212,657.00. These allocations were made by authority and permission from the City Council at the implementation of our $2,500,000 ARPA funded Small
Business and Hotel Hospitality grant program. Additionally, the City made a $3,000,000 ARPA Grant to the Community Preservation Trust and The College Park City University Partnership (CPCUP). To further assist the hospitality industry, staff recommend the following RPA fund allocations to the following applicants:
(a) $300,000 to The Hotel/Southern Management Companies
(b) $150,000 to Cambria Hotel/Southern Management Companies
(c) $350,000 to GrillMarx UMD Restaurant
At tomorrow’s meeting, the City Council will discuss the allocation of the proposed grants.