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Developers say Marriott franchise executed; condo sales at about 30% as downtown projects advance
Summary
Project representatives told the commission the Marriott Renaissance franchise agreement has been executed, management agreements are imminent, condo sales stand at about 30% and construction-financing milestones are targeted for late fall.
During the Sept. 8 meeting, project representatives provided the commission with an update on related downtown developments, saying they had executed a franchise agreement with Marriott for a new Renaissance hotel and were continuing to assemble financing and management agreements for the mixed-use project.
A speaker identified as a project representative said: "We are officially Marriott franchisees now." He…
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