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Portman closes on $540m to develop Cincinnati Downtown Marriott Hotel
Transactions - JUNE 25, 2026

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Portman closes on $540m to develop Cincinnati Downtown Marriott Hotel

by Released

National developer Portman, in partnership with the City of Cincinnati, Hamilton County, the State of Ohio, Cincinnati Center City Development Corp. (3CDC), The Port of Greater Cincinnati and Visit Cincy, announced it has closed on $540 million in financing to develop the Cincinnati Downtown Marriott hotel. The official groundbreaking for the hotel is planned for July 21 at 10 a.m.

The new, full-service hotel will anchor the city’s reimagined Convention District, bringing 700 rooms, 60,000 square feet of meeting space, a 17,000-square-foot events terrace and upscale amenities to serve the needs of group, business and leisure travelers. Connected to the newly renovated First Financial Center via skybridge, the hotel will also include multiple ballrooms and ground-floor retail.

“This milestone is the result of the vision and collaborative effort from the City of Cincinnati, Hamilton County, the Port of Greater Cincinnati, and the State of Ohio to advance the transfor

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