Tuesday, October 18, 2016
Marriott to stay in Bethesda, build downtown headquarters and hotel
A site search is underway for 700,000 SF of office space, and also a 200+ room Marriott-branded hotel. According to the official announcement, negotiations are underway on several sites in downtown Bethesda, and the final choice is expected to be announced in the first half of 2017.
It's worth noting that if anything falls through, Marriott explicitly notes in the release that it could still relocate to another jurisdiction. That pointedly includes "support from the State and County."
The most logical sites, in my opinion, would be the Brookfield site on the Metro Center plaza, or Carr Properties' major redevelopment of the Apex Building property. Having said that, the Metro site is right up against the Hyatt, and the Apex plan would have to be significantly revised. Maybe one of our resident real estate experts can weigh in as to other potential properties that could fit these requirements.
In any case, this is great news indeed for Bethesda. All indications are that Gov. Larry Hogan's behind-the-scenes role has been critical to keeping this major corporation in a County whose elected officials have strongly anti-business voting records and policies. County Executive Ike Leggett credited Hogan in his official statement on the Marriott move.
“Marriott is a world-class company with deep roots in our state, and their decision to continue growing their business right here in Maryland is tremendous news,” Hogan said in a statement. “For over 60 years they have been a vital member of our business community, employing thousands of Marylanders, and making a real and lasting positive impact on our state’s economy."