JFB Construction awarded $18M contract as general contractor

JFB Construction (JFB) announced that it has signed a construction contract to develop a project for Marriott Hotels valued at $18 million. The project is the new construction of a Courtyard by Marriott with 117 rooms in Olive Branch, Mississippi. The contract is valued at $18 million. JFB Construction will act as a Co-Developer in the project, with construction scheduled to begin by early June 2025. “This is a major milestone for JFB Construction, as we are also a general partner in this hotel project, aligning with the goals we have set for the future of the company,” said CEO Joseph F. Basile, III. “We were active in the land acquisition process, and we have an ownership position in this location. Courtyard by Marriott is a nationally recognized brand of hotels, and we believe that the successful completion of this project will lead to additional projects as well, as we ramp up our efforts to become increasingly active in the hospitality development sector.”