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Tacoma Convention Center Marriott Hotel

Tacoma, WA

Description

Absher’s team was selected by the City of Tacoma to move forward in design, development and negotiation of a $200M hotel and mixed-use development opportunity on a City-owned site adjoining the Greater Tacoma Trade and Convention Center. In addition to Absher, our team consists of Yareton Investments the developer of our Artemis Hotel project and an architect. We will work through a year-long preconstruction and design process to negotiate details and terms that satisfy the City and each team member’s goals and needs. Preliminary plans would make this the tallest building in Tacoma. The City is partnering with our team to develop this property in support of the Convention Center which is outperforming the City’s expectations. With additional four-star hotel space available, the Convention Center can host larger conventions which require more lodging options. The development will also incorporate public parking to further enhance the Central Business District in downtown.

Quick Facts

  • 300 room hotel with two towers
  • Will include condominium and retail space in addition to the hotel
  • Adjoins the Greater Tacoma Trade and Convention Center
  • $150,000,000
  • EB-5 Financing
  • Scheduled to begin construction in 2016