A half-built Marriott Hotel that neighbors have complained is an eyesore could be torn down soon, according to a memo from city officials.
The hotel, at the corner of Statesville Road and W.T. Harris Boulevard, was supposed to be a 118-room Courtyard by Marriott.
The project started in 2012 but was stopped about a year later. The owner, Raleigh-based Atlas Hospitality/MJM Group, and the general contractor are stuck in litigation, with the owner suing the contractor for alleged substandard work and the contractor suing the owner for alleged non-payment.
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The tax value of the structure has been reduced by $3.7 million to just $62,800, according to a city memo sent Wednesday. That means the hotel building lost almost 99 percent of its value and is basically worthless.
The city has conducted several code inspections and found numerous violations, as you might expect with a half-finished structure that’s been sitting exposed to the elements for more than a year.
“MJM Group has expressed their desire to demolish the structure and resolve all outstanding Non-Residential Building Code violations,” according to the city memo.
Arbitration in the lawsuit is scheduled for late May, according to the memo.