Marriott would 1000% tear down and build. To be fair, their current proposal for the hotel is for the parking lot/car wash by Starbucks. I just thought it may have been a convenient time for Varney's to throw in the towel though. The hotel people say they will have parking for their guests plus 18 spaces for the public, but with employees and rooms with multiple cars there is no way they are adding 18 for the public. Also, given 4 new hotels in the last 4 years, they would just be taking existing business from other hotels and would likely force the 4 Points to close. If they are putting up the money for everything, fine, but no reason for the city to give any incentives.
I would hate to lose that iconic marquee but if something does come in and bring a viable parking solution with it, I would be pretty happy. A parking solution that makes the 2 blocks of Moro a pedestrian only area would have me peeing on the marquee's ashes. As new as it is, I would assume the Pie5 lease would be expensive to buyout if the building is coming down.