Mason Inn — George Mason University Hotel & Conference Center
Total Development Cost
$50.3M
Size
179,000 SF
Keys / Units
148 Keys
Procurement
RFP
Fairfax, VA/Higher Education/Fee Developer
CEI was selected as developer through a national competitive process. Originally selected as owner/developer with GP ownership, the university elected during predevelopment to become the sole owner. CEI transitioned to fee developer with a budget of $50,292,000. The project was delivered for $49,468,232 — under budget. The project achieved LEED Gold certification.
Key Outcomes
—Delivered $824K under budget
—LEED Gold certification
—National competitive selection
—Flexible deal structure — GP to fee developer
Next Project
Phoenix Plaza