WASHINGTON, DC—It's official. Douglas Development's proposed 13-story hotel at 1011 K St., NW is moving forward.
Providence, RI-based TPG Hotels & Resorts has been selected as the operator. The flag, as Douglas Development noted in its submission to the DC Board of Zoning last year, will be the first Moxy hotel in Washington DC. Moxy is one of Marriott International's new brands aimed at attracting younger travellers and now it's arrival in the District is formally a go. TPG Hotels will provide technical development services through the construction. The hotel is scheduled to deliver in Q1 2017.
Currently there are four late 19th century properties at the site, abandoned and fenced off. Douglas plans to restore these buildings and incorporate them into the hotel structure.
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.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
