Expected to open in spring of 2002, it will be first AmeriSuites hotel to go up here. The limited-service hotel chain, which serves business travelers and families, charged an average daily room rate of $82 in 1999. Currently, it has about 130 properties around the country and franchise agreements to open approximately 60 more.

"Washington DC is a very important national market with lots of business travelers," says Phil Harvey, director of franchise services and contracting for Prime Hospitality, the chain's franchiser.

Prime Hospitality is also drafting plans to build an 80-unit hotel in Largo, MD and a 128-unit hotel in Sterling, VA. Dates for these projects have not been set.

Prime Hospitality owns, operates or franchises 205 properties in 32 states. It's not the only hotel going up on Thomas Circle. Hilton is building a 175-room Homewood Suites at 1475 Massachusetts Ave. NW.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.