Houston Gives Early Nod To $324M Marriott Hotel Project

Law360, New York (December 13, 2012, 6:45 PM EST) -- The Houston City Council on Wednesday made its first approvals for a proposed $324 million Marriott Marquis hotel project to accommodate visitors to the city's convention center, along with greenlighting a hefty financial incentive package for the developers.

Approving various agreements for the project, the vote paves the way for design and permit negotiations to start and for construction on the hotel to possibly begin by 2014. The council also greenlighted a specially negotiated economic development program with developer, which is a joint venture between RIDA...
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