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How much did New York Marriott Marquis cost to build?

The New York Marriott Marquis is the 51-storey, 574 ft (175 m) Brutalist hotel at 1535 Broadway in Times Square designed by John Portman & Associates, with 1,971 rooms, begun in 1982 after a decade of controversy over the demolished theatres on the site and opened on 3 September 1985. Wikipedia's history says the cost of the hotel, projected at USD 75 million in 1972, had risen to USD 400 million by 1985, while its infobox gives USD 350 million, with USD 200 million of loans from Equitable Life, Metropolitan Life, Manufacturers Hanover and the New York State retirement fund.

Reported project cost

$400 million

Cost basis: 1985

The New York Marriott Marquis at Times Square in Manhattan, New York, seen in November 2021.
EpicgeniusCC BY-SA 4.0

Cost evidence

Basis of the published figure

Reported project cost1985
Wikipedia

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Project record

Timeline

  1. 3 September 1985

    Opened or launched

    Wikipedia (New York Marriott Marquis)

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