May 23, 2022

Melville hotel project wins $4 million in IDA tax breaks

Residence Inn by Marriott on Eastern Long island

The extended-stay hotel being proposed for Broad Hollow Road in Melville won $4 million in tax breaks from Suffolk County on Thursday.

The county’s Industrial Development Agency, in a 4-1 vote, gave preliminary approval for the 15-year incentive package for the Residence Inn by Marriott, to be located south of the LIE.

The hotel is being built by hotel operator George Tsunis, who recently began serving as the U.S. ambassador to Greece, and Rosario C. Cassata, who develops and owns apartment buildings.

The $39.4 million project follows the recent opening of the pair’s Hampton Inn & Suites by Hilton in Huntington village. That project incorporates the historic Huntington Town Hall and was awarded $3.2 million in IDA tax breaks over 15 years in 2020, according to IDA executive director Anthony J. Catapano.

The four-story, 143-room Residence Inn would replace a vacant, one-story office building. Amenities would include an outdoor pool, fitness room, dining area and meeting room.