COLLEGE PARK, MD-The University of Maryland is poised to strike a deal that would have a 300-room hotel built at its East Campus.
In a complex set of transactions, the finance committee for the University System of Maryland Board of Regents is scheduled to meet Thursday to decide whether the university can sell a three-acre portion of East Campus to the University of Maryland College Park Foundation Inc. The foundation would in turn reach a deal with David Hillman, CEO of Vienna-based Southern Management Corp., to build the new hotel, across Route 1 from the university's main campus, according to the Baltimore Business Journal.
The hotel project, if approved, would also include at least 10,000 square feet of conference and meeting space, a full-service restaurant and bar, retail space and other amenities. See story in the Baltimore Business Journal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
