WashingtonBusiness Journal
JBG had been fighting the selection of Marriott to developthe1,167-room Marquis hotel before it filed its suit in DistrictCourt,lodging a complaint last year to the city's Contract AppealsBoardthat was eventually dismissed.
The hotel had originally been slated to break ground last year,after along-winded city legislative process and lobbying push thatended inAugust when Mayor Adrian Fentysigned legislation to provide $206 million infinancing for ahotel at the Walter E. Washington Convention Center.The project hasseen one hold up after another even before the JBGsuit--namelythrough controversy regarding the public financing.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
