The Cambridge Waterfront Development Incorporated (CWDI) has clarified details in a Spy report that identified a commercial broker for Cambridge Harbor and stated that the board had reached an agreement with a specific hotel brand.
At its Dec. 18 meeting, CWDI Board President Angie Hengst announced that a broker had been selected, but said CWDI has not publicly identified the broker because a contract has not yet been finalized or executed.
Hengst confirmed the broker information reported in the story is accurate, but said CWDI had not intended for the broker’s identity to be disclosed before completion of a contract.
The story also identified a specific hotel brand as having been selected for the project. Hengst said that contrary to an earlier report from Radio Chesapeake, no hotel brand has been selected and that “CWDI is not currently in negotiations with any hotel brand.”
In addition, the story repeated a report that suggested CWDI would conduct hotel negotiations without legal counsel. Hengst added that CWDI will not conduct talks without the participation of its legal counsel, even if board members are leading discussions.
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