An Acquest-led Development Team including Marriott and Turner Construction was designated by the NJEDA (New Jersey Economic Development Authority) as the exclusive developer for a public/private partnership project to be located on the Lafayette Yard site in downtown Trenton, New Jersey, the state capital of New Jersey. The Acquest Team was responsible for structuring the financing, bringing the project through every phase of design, estimating, permitting and construction as the development manager and serves as the asset manager on behalf of the not for profit owner.
The State of New Jersey, under Governor Christine Whitman’s administration, and the City of Trenton, under Mayor Douglas Palmer’s administration, were the public sector participants in this $57 million project. The project is located on an approximately 4-acre parcel adjacent to the renovated Trenton War Memorial, an 1,800-seat theater on the National Register of Historic Places. The positioning of the hotel to serve a business and government transient business segment in addition to its emphasis on group business, required that the hotel be located within a reasonable walking distance of as many facilities as possible at which hotel guests might have business. Those key facilities which are within walking distance include the New Jersey State House, the New Jersey Department of Labor, the Hughes Justice Complex, the New Jersey Department of Health and Agriculture and the Convention and Visitors Bureau.
The project consists of a 197-room hotel tower, 15,000 net square feet of conferencing facilities, and a 657-space parking garage. Along the length of the hotel wing is a covered arcade, which provides a weather-protected passage for pedestrians traveling from the hotel, conference center and the garage to the War Memorial. In addition to state-of-the-art food and beverage and banqueting capabilities, the project includes a high-end restaurant and lounge, not only to accommodate guests of the hotel, but also to serve patrons of the War Memorial, the working population of downtown Trenton and day visitors to the city.