D.C. developers seek subsidies to build 2 more Marriott hotels near convention center

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The developers planning two Marriott hotels across from the Walter E. Washington Convention Center say they want to begin construction next year and have asked the city for $35 million in subsidies to help finance the project.

Quadrangle Development and Capstone Development, both based in the District, began building a Marriott Marquis on Ninth Street NW nearly a year ago. Financed with $272 million in District money on city-owned land, the 1,167-room, $550 million hotel was long pushed by the city's elected leaders, who expect it to provide a major boost to business at the convention center across the street.

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Zachary A. Goldfarb 19 Sep, 2011

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Source: http://feeds.washingtonpost.com/click.phdo?i=607e6bdf94773701b10c117220d9348c
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