JFB Construction awarded $18M Courtyard by Marriott contract in Olive Branch, MS

JFB Construction Holdings

Cost-plus 5% construction management contract for 117-room Courtyard by Marriott; construction to start by June 2025.
JFB subscribed $1M for 1,000 Class A interests in CM OB Hotel Owner fund, with 8% preferred return.
JFB acts as co-developer with ownership position; proceeds recapitalize hotel investment and fund construction.
Press release confirms $18M contract value; CEO highlights alignment with hospitality development strategy.

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