BPG Plans $200M Hotel Pipeline for 2007

WASHINGTON, DC-The Buccini/Pollin Group may have more than six million sf of office, industrial and retail space under its control but the Washington, DC-based developer is concentrating particularly on hotels these days. Dave Pollin, BPG president, tells GlobeSt.com that it has between $125 million to $200 million of projects in its pipeline. The final number is still uncertain as two pending projects in the District are not yet finalized.

In 2007 BPG plans to develop three hotels in suburban Maryland, including a double-decker structure in Hanover that will contain two hotels, and two hotels in Dulles, VA, The double-decker project, for which BPG is the final stages of the permitting process, incorporates a 150-key Hilton Garden Inn and a 100-key Homewood Suites by Hilton in one building.

The architects initially laid out two separate buildings on the 10-acre site, near Arundel Mills and BWI before they realized that consolidating the structures would cut the site and foundation work in half, according to information provided by the company. Now plans call for the first floor to serve as a lobby and common area for the Hilton Garden Inn, with elevators, giving access to the rooms on floors three through six. The second floor, served by an entrance on the opposite side of the building, will be the lobby of the Homewood Suites. Rooms are located on the top floors.