The Marriott Hotel is coming to Wareham.

Town Meeting voters on Monday decided to grant a tax break known as a Tax Increment Financing, or "TIF" agreement, to the LaFrance Hospitality Group.

The LaFrance Hospitality Group plans to build a Marriott Hotel and conference center on a 4-acre piece of land it is leasing from the A.D. Makepeace Company. The piece of land is at the junction of Interstates 495 and 195. The hotel is going to be part of the A.D. Makepeace Company's Rosebrook Place, which will be built in the Rosebrook Business Park near a medical office building.

In addition to the hotel, a pharmacy, bank, locally- or regionally-based restaurant, and retail space is planned for Rosebrook Place.

Wareham would still receive tax revenue from LaFrance in the amount of approximately  $761,000 in non-exempt taxes over 15 years. LaFrance would receive a 45 percent tax break, or approximately $622,000, over 15 years.

Other tax benefits expected to come from the hospitality complex include approximately $2.3 million in local room occupancy taxes, $74,000 in local meals taxes, and $111,000 in land taxes. This brings the total tax revenue to the town of Wareham over 15 years to approximately $3.3 million.

According to Community and Economic Development Authority (CEDA) Director Salvador Pina, these numbers are based on a 50 percent occupancy rate.

The complex will also generate approximately $200,000 on average in annual tax revenue, officials said.

"I would strongly urge the body to vote for this. This is an incredible opportunity for the town to get a major hotel chain here," argued Selectmen Chair Peter Teitelbaum. "It's a revenue-generating enhancement to the town."

Some citizens took issue with what they saw as a tax giveaway at a time when the town is in desperate need of revenue.

"The only hard numbers there were property taxes," argued resident Ed Pacewicz. "Can this town afford to give away $622,000 in revenue?"

Resident Peter Balzarini argued that with nothing currently on the land, there's really nothing to lose.

"To make the argument that we're giving up $622,000 ... probably the company will find a place where a TIF agreement is more palatable to the voters," if Wareham residents voted it down, he said.

Voters overwhelmingly approved the agreement.

LaFrance representatives say that 50 new jobs will be created, and they will prefer to hire Wareham residents. An additional 30 to 40 temporary construction jobs will also be created.

Along with the 80-room hotel, there will be a conference center with 300 seats.