Marriott Merger

Posted on Posted in RealEstate

The $13.6B merger between Bethesda-based Marriott International and Starwood hotels earned regulatory approval in September. Hotel industry leaders and experts have expressed confidence in the company’s ability to combine the two industry giants, but they think the merger will send shockwaves throughout the industry. Marriott also announced it has narrowed its search for a new $600M HQ facility to Downtown Bethesda, with local incentives helping it stay in Montgomery County. The region’s largest private office tenant on the market has yet to decide on a specific site, but based on its search requirements, four downtown Bethesda properties appear to be in contention.

Read more at: https://www.bisnow.com/washington-dc/news/commercial-real-estate/the-10-biggest-dc-real-estate-stories-of-2016-69040?utm_source=CopyShare&utm_medium=Browser

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