HomeMy WebLinkAboutResolution No. 514 (Item 2.f.)RESOLUTION NO. 514
A RESOLUTION ADOPTING FISCAL YEAR 2027 OPERATING AND
CAPITAL BUDGET FOR THE HYATT REGENCY BAYTOWN-HOUSTON;
MAKING OTHER PROVISIONS RELATED THERETO; AND PROVIDING
FOR THE EFFECTIVE DATE THEREOF.
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE BAYTOWN
MUNICIPAL DEVELOPMENT DISTRICT:
Section 1: That the budget estimate of the revenues of the Hyatt Regency Baytown -
Houston ("Hotel") and the expenses of conducting the affairs thereof for the 2027 fiscal year as
finally submitted to the Board of Directors by the General Manager of Baytown Municipal
Development District, is hereby adopted and approved as the budget estimate of all the current
expenses, as well as the fixed charges against the Hotel for the 2027 fiscal year. A copy of the
budget is attached hereto as Exhibit "A" and incorporated herein for all intents and purposes.
Section 2: This resolution shall take effect immediately from and after its passage by
the Board of Directors of the Baytown Municipal Development District.
INTRODUCED, READ, and PASSED by the affirmative vote of the Board of Directors
of the Baytown Municipal Development District this the 241h day of September, 2026.
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TO FORM:
SCOTT L.EMOND, General Counsel
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CHARLES JO N, President
RAOrdinances and Resolutions\Resolution Drafts\MDD\2026-09-24\Adopting FY2027 Budget.Hyatt Hotel.mhs.docx
Hotel Annual Plan for FY27
Capital Budget
Building & Building System Projects
Technology Projects
Miscellaneous Replacements and Additions
Total Capital FY27 Budget
BAYTOWN
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$70,000
$20,000
m
x
$135,000 =
$2251000 D
Hotel Annual Plan for FY27
Operating Budget
FY2025 FY2026* FY2027 Budget
Occupancy 51.4% 56.2% 58.2% +2%
Average Daily Rate $145.99 $152.71 $156.72 +2.6%
Total Revenue $9.55M $11 M $11.75M +6.8%
LGross Operating Profit $1.24M
` FY26 totals include forecasted results for Q4
$2.18M
$2.6M l +19.3%
BAYTOWN
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