Fenty Signs Bill Clearing Way for Marriott Marquis Project
Mayor Adrian M. Fenty on Wednesday signed a bill that allows a long-awaited 1,160-room Marriott Marquis hotel to be built across from the Walter E. Washington Convention Center.
Construction of the $550 million hotel, to be built at Ninth and Massachusetts Avenues NW, is on track to begin in fall. It is scheduled to open to the public in late 2013.
The hotel will be built with $206 million in public money and $331 million in private financing, a deal the D.C. Council reached with Capstone Development and Quadrangle Development after years of delays that were prolonged by the recent credit crunch.
Economic development officials have said that the convention center, which opened in 2003, is losing business to National Harbor in Prince George's County and to other cities that have built hotels next to their convention centers.
-- Lisa Rein