When Marriott International Inc. was considering relocating its global headquarters from Baltimore to Northern Virginia in 1999, Maryland handed over $44 million in grants to keep the hotel chain in the state.
In 2016, after Marriott again made noises about moving out of Maryland, Gov. Larry Hogan, state lawmakers, and local officials coughed up another $62 million in taxpayer subsidies to support the construction of new headquarters in the affluent D.C. suburb of Bethesda.
But even that wasn’t good enough. After padding the bottom line of the world’s largest hotel chain, Maryland lawmakers are now trying to protect it from competition from home-sharing options like Airbnb and HomeAway, writes Reason‘s Eric Boehm.
from Hit & Run https://ift.tt/2J20W2g
via IFTTT