Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOWIE, MD-Columbia-based Hospitality Development Co. will be building the three hotels planned for the Maryland Science and Technology Center @ Melford here, a 466-acre business community being developed by Baltimore’s St. John Properties Inc. Hospitality Development Co. has acquired 8.6 acres of the project from St. John Properties for $6.58 million.

The company plans to develop, own and manage three hotels–a139-key Courtyard by Marriott, an 125-room Residence Inn by Marriott and an 95- to 100-unit SpringHill Suites by Marriott, according to company president, Ernest Murphy. All of the properties will be four or five stories. Construction on the first hotel–the Courtyard by Marriott–is expected to begin by the end of this year and will be delivered by October 2008.

According to Murphy the development costs of the hotels in total will be roughly between $40 million to $45 million. “The Courtyard will be between $15 million to $17 million,” he says. The Residence Inn should come in at $14 million to $16 million and Springhill $13 million to $14 million, he says. The Residence Inn will be delivered in October 2009 and the SpringHill Suites, approximately one year later.

Once it is finished, Maryland Science and Technology Center @ Melford will have more than 700,000 sf of commercial office space, as well as an additional 45,000 sf of retail space. It is located midway between Annapolis and Washington, DC, at the intersection of US Route 50 and Maryland Route 3/301.

St. John Properties completed Melford I, a four-story, 136,000-sf office building at the park earlier this year, which is currently 62% leased. Plans are underway for the construction of Melford Plaza II, a six-story, 230,000-sf companion structure with a structured parking deck.

“The addition of hotel amenities to this business community sets it apart from the competition in the Baltimore-Washington, DC corridor, and positions Maryland Science and Technology Center as a full-service and mixed-use development,” Jerry Wit, senior vice president of marketing for St. John Properties, said in a statement.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.