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TRENTON-New Jersey’s capital has picked Bloomfield Hills, MI-based Acquest Realty Advisors to develop the Marriott Conference Center and Hotel. The full-service property will be the first new Downtown hotel in 14 years.

The seven-story building, which will have almost 200 rooms, will be operated by Marriott Conference Centers, a division of the Marriott hotel chain. The project is being hyped as a catalyst for Trenton’s ongoing effort to revitalize its Downtown area. The price tag is in the $46 million range, and the scheduled opening is early 2002.

In lining up the project, Acquest organized a deal in which the private, non-profit Lafayette Yard Community Development Corp. issued $31 million in tax-exempt bonds to finance construction. The bonds were guaranteed by the city of Trenton.

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