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Marriott Picks Downtown Bethesda for New Headquarters

Marriott International Inc. has selected downtown Bethesda as the site of its new headquarters.

The hospitality giant (NASDAQ: MAR), now the largest in the world, says it is still considering several sites for the $600 million project. The new complex, according to the state of Maryland and Marriott, will include 700,000 square feet of leased office space to house 3,500 employees, in addition to a 200-plus, Marriott-branded hotel. It expects to make that selection in the first half of 2017.

The location of the headquarters has been one of the D.C. region’s biggest economic development prizes since Marriott announced 18 months ago that it would leave its longtime home in North Bethesda for a more transit-oriented location in an effort to reach younger employees.

Read the full article from the Baltimore Business Journal.

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