Marriott said Tuesday it plans to commission new offices for its headquarters and build a hotel in downtown Bethesda, keeping its base in Maryland after securing incentives from the state and Montgomery County worth about $60 million.
The announcement from the firm, which had been based in Maryland for more than 60 years, ends more than a year of speculation and jockeying with nearby jurisdictions over whether the global hotel giant would relocate when its lease at its Bethesda campus expires in 2022.
Losing Marriott, one of the state’s four Fortune 500 companies, would have been a major blow for Gov. Larry Hogan, who placed the economy and keeping corporate giants like Marriott at the center of his campaign for governor two years ago.
“Marriott is a world-class company with deep roots in our state, and their decision to continue growing their business right here in Maryland is tremendous news,” Hogan said in a statement.
Click here to read the rest of the article written by Natalie Sherman over at the Baltimore Sun