{"id":1004094155,"date":"2014-04-07T06:55:14","date_gmt":"2014-04-07T14:55:14","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=252115"},"modified":"2022-12-06T01:42:32","modified_gmt":"2022-12-06T09:42:32","slug":"university-of-marylands-115m-hotel-and-conference-center-project-moves-forward","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\/","title":{"rendered":"University of Maryland\u2019s $115M Hotel and Conference Center Project Moves Forward"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/large_umdcircle_1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-252126\" title=\"large_umdcircle_1\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/large_umdcircle_1.jpg\" alt=\"\" width=\"180\" height=\"180\" \/><\/a>A planned hotel and conference center project at the University of Maryland could transform College Park into a top college town. Recently, the $115 million project took an important step toward the start of construction.<\/p>\n<p style=\"text-align: justify\">On March 19, the three-member State of Maryland Board of Public Works unanimously approved the declaration of a three-acre parcel of university land as surplus. Last year, the university revealed its plans to sell the parcel, located on the east side of campus, opposite Turner Hall, to the UMD College Park Foundation. This strategy will minimize the university\u2019s exposure to the project.<\/p>\n<p style=\"text-align: justify\">The full responsibility for the project will be transfered to the foundation. It will develop the new hotel and conference center together with Southern Management Corp. Considered one of the region\u2019s top places to work, Southern Management Corp. was selected as development partner following a Request for Expressions of Interest process. The project is expected to break ground in spring 2015 and could open by fall 2017.<\/p>\n<p style=\"text-align: justify\">\u201cThe hotel and conference center project is a crucial element in the revitalization of our campus community within Prince George\u2019s County,\u201d said Wallace Loh, president of the University of Maryland, in a statement for the press. \u201cI thank the members of the Board of Public Works for their approval so we can move this important project forward.\u201d<\/p>\n<p style=\"text-align: justify\">The university said it expects the project to encourage redevelopment of the existing downtown College Park business district and have an important economic impact on the entire region. Overall, it will create 1,637 jobs, increase overall economic activity by more than $62 million per year and generate over $4.4 million in state and local tax revenues annually.<\/p>\n<p style=\"text-align: justify\"><em>Photo credit: <\/em><a href=\"https:\/\/www.umd.edu\/\"><em>University of Maryland<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A planned hotel and conference center project at the University of Maryland could transform College Park into a top college town. Recently, this $115 million project has taken an important step towards the start of construction.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1615],"tags":[1815],"class_list":["post-1004094155","post","type-post","status-publish","format-standard","hentry","category-latest","category-washington-dc","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>University of Maryland\u2019s $115M Hotel and Conference Center Project Moves Forward - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"University of Maryland\u2019s $115M Hotel and Conference Center Project Moves Forward\" \/>\n<meta property=\"og:description\" content=\"A planned hotel and conference center project at the University of Maryland could transform College Park into a top college town. Recently, this $115 million project has taken an important step towards the start of construction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-04-07T14:55:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T09:42:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/large_umdcircle_1.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"University of Maryland\u2019s $115M Hotel and Conference Center Project Moves Forward\",\"datePublished\":\"2014-04-07T14:55:14+00:00\",\"dateModified\":\"2022-12-06T09:42:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\\\/\"},\"wordCount\":296,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/04\\\/large_umdcircle_1.jpg\",\"keywords\":[\"National\"],\"articleSection\":[\"News\",\"Washington D.C.\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\\\/\",\"name\":\"University of Maryland\u2019s $115M Hotel and Conference Center Project Moves Forward - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/04\\\/large_umdcircle_1.jpg\",\"datePublished\":\"2014-04-07T14:55:14+00:00\",\"dateModified\":\"2022-12-06T09:42:32+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\\\/#primaryimage\",\"url\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/04\\\/large_umdcircle_1.jpg\",\"contentUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/04\\\/large_umdcircle_1.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"University of Maryland\u2019s $115M Hotel and Conference Center Project Moves Forward\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\",\"name\":\"Adrian Maties\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g\",\"caption\":\"Adrian Maties\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/adrianmaties\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"University of Maryland\u2019s $115M Hotel and Conference Center Project Moves Forward - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\/","og_locale":"en_US","og_type":"article","og_title":"University of Maryland\u2019s $115M Hotel and Conference Center Project Moves Forward","og_description":"A planned hotel and conference center project at the University of Maryland could transform College Park into a top college town. Recently, this $115 million project has taken an important step towards the start of construction.","og_url":"https:\/\/www.commercialsearch.com\/news\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-04-07T14:55:14+00:00","article_modified_time":"2022-12-06T09:42:32+00:00","og_image":[{"url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/large_umdcircle_1.jpg","type":"","width":"","height":""}],"author":"Adrian Maties","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\/"},"author":{"name":"Adrian Maties","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6dfc8d1c9006c9fd1c89d69133130109"},"headline":"University of Maryland\u2019s $115M Hotel and Conference Center Project Moves Forward","datePublished":"2014-04-07T14:55:14+00:00","dateModified":"2022-12-06T09:42:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\/"},"wordCount":296,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/large_umdcircle_1.jpg","keywords":["National"],"articleSection":["News","Washington D.C."],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\/","url":"https:\/\/www.commercialsearch.com\/news\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\/","name":"University of Maryland\u2019s $115M Hotel and Conference Center Project Moves Forward - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\/#primaryimage"},"thumbnailUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/large_umdcircle_1.jpg","datePublished":"2014-04-07T14:55:14+00:00","dateModified":"2022-12-06T09:42:32+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6dfc8d1c9006c9fd1c89d69133130109"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\/#primaryimage","url":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/large_umdcircle_1.jpg","contentUrl":"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/04\/large_umdcircle_1.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/university-of-marylands-115m-hotel-and-conference-center-project-moves-forward\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"University of Maryland\u2019s $115M Hotel and Conference Center Project Moves Forward"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/6dfc8d1c9006c9fd1c89d69133130109","name":"Adrian Maties","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5d44b73a0d511e855d0ea5f29d28e7d8527c86a0c6c0f67be8f2e9642a9d9e8d?s=96&d=mm&r=g","caption":"Adrian Maties"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/adrianmaties\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004094155","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/925"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004094155"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004094155\/revisions"}],"predecessor-version":[{"id":1004622683,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004094155\/revisions\/1004622683"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004094155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004094155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004094155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}