Marion City Council approves $20M Marriott hotel project to boost local economy

The McDowell County Board of Commissioners meeting on January 16, 2025, highlighted an exciting economic development project that promises to transform downtown Marion. The proposed project involves replacing the existing bank building at the corner of Fort and North Main Street with a four-story Marriott Hotel, accompanied by retail spaces. This initiative is expected to bring significant investment and job opportunities to the area.

During the meeting, officials discussed the urgency of moving forward with the project, as the property is under contract for a limited time. The total investment is projected to be between $15 million and $20 million, with the hotel expected to create around ten full-time jobs, although estimates suggest this number could be higher. The project aims to enhance the local economy, with anticipated direct economic impacts of approximately $56 million annually from various tax revenues, alongside additional spending by hotel guests in the community.

The commissioners also reviewed an incentive agreement that would allow the local government to purchase the property, ensuring protective covenants are in place. The agreement includes performance-based payments to the developers, contingent on the successful construction of the hotel by December 31, 2027. If the project does not materialize, the property would revert back to the city and county.

Community members expressed strong support for the project during the public hearing segment of the meeting. Local business representatives and residents emphasized the potential benefits of increased tourism and economic activity that a new hotel would bring. They noted that hotels often serve as vibrant gathering places, attracting visitors for events and conferences, which in turn supports local businesses.

In conclusion, the McDowell County Board of Commissioners is poised to take significant steps toward revitalizing downtown Marion with the proposed Marriott Hotel project. As the community rallies behind this initiative, it represents a promising opportunity for economic growth and enhanced local services, aligning with broader goals of development and sustainability in the region.