JFB Construction Holdings Announces Commencement of Construction of Courtyard by Marriott in Melbourne, Fla.
Rhea-AI Summary
JFB Construction Holdings (Nasdaq: JFB) announced on January 22, 2026 that it has commenced construction on a conversion and remodel of an existing Holiday Inn to a Courtyard by Marriott in Melbourne, Florida.
The company said it previously was awarded a $6.2 million general contractor contract (announced May 2025), has secured permits and approved plans, and anticipates recognizing approximately $6.2 million of revenue from this project during 2026. Management described this as the company’s second project for Marriott Hotels and said it expects the work to support a longer-term relationship with the hotel brand.
Positive
- $6.2M general contractor contract awarded
- Permits secured and construction commenced
- Second project for Marriott suggests repeat-client potential
Negative
- Anticipated $6.2M revenue concentrated in a single 2026 project
News Market Reaction
On the day this news was published, JFB gained 2.70%, reflecting a moderate positive market reaction. Argus tracked a peak move of +19.7% during that session. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $7M to the company's valuation, bringing the market cap to $274M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peers showed mixed moves: AXR -0.24%, AEI -1.7%, LPA +4.47%, OZ +1.22%, MRNO -14.48%. With JFB down 2.31% and no peers in the momentum scanner, action looked stock-specific rather than a broad sector trend.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 12 | Construction milestone | Positive | +4.3% | Commencement of vertical construction on $21M Port Salerno townhome project. |
| Jan 06 | Revenue outlook | Positive | +8.3% | Guidance for 2025 revenues of $32M, significant growth versus 2024. |
| Dec 23 | Q4 revenue outlook | Positive | +8.9% | Expected 119% Q4 2025 revenue increase and major project wins. |
| Dec 10 | CFO share purchase | Positive | -15.7% | CFO open-market stock buy of about $30,000 signaling confidence. |
| Dec 09 | CEO share purchase | Positive | +12.9% | CEO open-market purchase of roughly $100,000 in company stock. |
Positive operational and guidance news has frequently coincided with positive next-day moves, though insider buying has shown at least one sharp divergence.
Over the last few months, JFB has reported several growth-focused updates. On Dec 23, 2025 and Jan 6, 2026, management highlighted large contracts, anticipated $32 million in 2025 revenues, and substantial Q4 2025 growth, with shares reacting positively. A $21 million townhome contract announced on Jan 12, 2026 also saw a gain. Insider open-market purchases in early December produced mixed reactions. Today’s announcement adds another hospitality project with anticipated $6.2 million in 2026 revenue to that expanding backlog narrative.
Market Pulse Summary
This announcement adds a Courtyard by Marriott conversion in Melbourne with anticipated $6.2 million of 2026 revenue, reinforcing JFB’s growing hospitality footprint alongside earlier townhome and school projects. Recent history shows a pipeline of sizable contracts and strong revenue expectations, but regulatory filings also document ongoing losses and significant registered shares from prior financings. Investors may watch execution timing, margin performance on this project, and updates to overall 2026 revenue mix.
AI-generated analysis. Not financial advice.
Anticipated revenues of
Courtyard by Marriott
Lantana, Fla., Jan. 22, 2026 (GLOBE NEWSWIRE) -- JFB Construction Holdings (Nasdaq: JFB), a construction company focused on commercial, retail, and residential property development, announces that it will commence immediate construction to develop a project for Marriott Hotels in Melbourne, Florida.
The project is a conversion and remodel of an existing Holiday Inn to a Courtyard by Marriott in Melbourne, Florida. The Company anticipates revenue from this project to be approximately
“In May 2025, we announced that we were awarded a
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 for which we are known.
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.
CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements”. You can identify forward-looking statements as those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. The reader is cautioned not to rely on these forward-looking statements. Actual results could vary materially from the expectations and projections of JFB Construction. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including statements regarding the use of proceeds from the sale of our shares in the Offering; and the uncertainty regarding future commercial success. These and other factors may cause our actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking statements discussed in this press release and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us, including those described in JFB Construction’s prospectus filed with the SEC. We do not undertake to update any forward-looking statement as a result of new information or future events or developments, except as required by U.S. federal securities laws.
JFB Construction Holdings Contact:
Joseph F. Basile, III
561-582-9840.
joe@jfbconstruction.net
Investor Relations Contact:
CORE IR
Mike Mason
516 222 2560
investors@jfbconstruction.net
FAQ
What project did JFB (Nasdaq: JFB) start in Melbourne, Florida on January 22, 2026?
How much revenue does JFB expect from the Melbourne Courtyard by Marriott project in 2026?
When was the $6.2 million contract for the Marriott conversion awarded to JFB?
Has JFB secured permits and approvals for the Melbourne Marriott conversion?
What does the Marriott project mean for JFB’s client relationships and pipeline?
Will the $6.2M project materially affect JFB’s 2026 results?
