WASHINGTON, DC—Hoffman-Madison Waterfront, the master developer of The Wharf, has secured a commitment from Hilton Worldwide and Hyatt Hotels Corp. to open a 413-key dual-branded hotel at its $2 billion mixed-use project on the Southwest Waterfront.
Hoffman-Madison is developing the structure for about $160 million, Monty Hoffman of Hoffman-Madison tells GlobeSt.com.
The hotel will be a combination of two brands by the hotel companies. One is the Canopy by Hilton, a 120,000-square-foot lifestyle hotel, which will have 175 keys. The second is Hyatt House, a 145,000-square-foot extended-stay hotel, which will have 238 keys. It will all total up to 300,000 square feet, including the ground-floor retail and shared space.
Continue Reading for Free
Register and gain access to:
- 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
Already have an account? Sign In Now
© 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.