Marriott Aims To Make HQ Decision By End Of Year

Bethesda-based Marriott International is aiming to make a decision about its new HQ by the end of 2016.

The company has completed its wish list for the new digs and is in the process of screening brokerages to narrow its options, the Washington Business Journal reports. Locations in DC, Maryland and Virginia are in the mix, and speculation has centered on CBRE, JLL and Savills Studley making the short list of consideration for the eventual nod.

The well-publicized search has captured the imagination of landlords and officials across the region since being announced last year. The company makes its home at 10400 Fernwood Rd in Bethesda, where it occupies almost 1M SF with a lease set to expire in 2021. The company has noted a preference for convenient access to public transportation for its new home, with the flexibility to customize space and deploy its preferred technology.

Gensler has been retained by the hotel giant to assist with sorting through the options. Back in December, Marriott CEO Arne Sorensen raised the possibility that the company could wind up in more than one building, noting the impracticality of finding one building to house its massive space requirements. [WBJ]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Why Top-Secret Facilities Are Permeating Greater D.C.'s Office Market

Historic Brooklyn Hotel To Be Turned Into Ritz-Carlton-Branded Condos

Daniel Negari Buys Downtown LA Hotel For $34M

Northern Virginia Office Tower Sells For Double Its 2024 Price

Design Plans Revealed For RFK Stadium Parking Garages, Headed To Review

Security Tech Firm Plans Loudoun HQ Move: The D.C. Deal Sheet

Luxury Marriott Hotel Will Take Space In Charlotte Office Conversion

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

Pennsylvania Avenue Office Sells For Repositioning: The D.C. Deal Sheet

Republican Midterm Convention Could Fill More Than 5,000 Hotel Rooms In Dallas

Georgetown Waterfront Office-To-Condo Conversion Lands Financing

Union Contracts Expire At 46 Chicago Hotels, With Potential Strike Looming