Marriott to move headquarters to downtown Bethesda with $62 million in incentives

By October 18, 2016Uncategorized

Marriott International announced plans to move its headquarters to downtown Bethesda Tuesday, opting to remain in Montgomery County after getting a commitment for up to $62 million in taxpayer-funded subsidies.

For Marriott, now the largest hotel company in the world, the deal marks the second publicly funded incentive package the $17.3 billion firm has received from the state and county in less than 20 years, likely reigniting a debate over how far elected leaders ought to go to chase corporate employers.

The company’s plan to move 3,500 employees to a new complex near the Bethesda Metro station by 2022 follows the lead of other corporate moves out of sprawling office parks to more urban locations, but it could put new strains on public infrastructure such as Metro’s troubled Red Line.

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