JFB Construction Holdings Awarded $18 Million Contract as General Contractor for Co-Developed New Courtyard by Marriott in Olive Branch, MS

Construction in Olive Branch, Miss. expected to commence by June 2025

Lantana, Fla., May 07, 2025 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB), a construction company focused on commercial, retail, and residential property development (“JFB” or the “Company”), today 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.”

About JFB Construction Holdings

JFB Construction Holdings (“JFB”) offers generations of combined experience in residential and commercial construction and development. Having the experience of building Multifamily communities, Shopping Centers, National Franchises, exclusive estate & equestrian homes, and over 2 million square feet of commercial and retail. JFB provides hands-on, professional expertise, which has led to the quality and production we are known for.

JFB’s reputation has been built on its clients' trust and the value it brings to each project. JFB is proud that most of its projects are obtained through referrals and repeat customers, and that to-date it has provided general contracting and construction management services in 36 U.S. States.

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JFB Construction Holdings Contact:

Joseph F. Basile, III

561-582-9840.

Investor Relations Contact:

CORE IR

Mike Mason

516 222 2560