List Your Equipment For Free  /  Seller Login

Construction Work to Begin on New $93M Hotel in D.C.

Thu June 06, 2019 - Northeast Edition #12
Birchington


Projected to open in the fourth quarter of 2020, the 14-story hotel will be located at 317 K St., NW on the northeast corner of 4th and K.
Projected to open in the fourth quarter of 2020, the 14-story hotel will be located at 317 K St., NW on the northeast corner of 4th and K.

A 247-room Holiday Inn Express hotel will break ground in Washington, D.C.'s Mount Vernon Triangle neighborhood. Birchington LLC, owned by Habte Sequar, closed on a construction loan from Atlanta-based Stonehill Strategic Capital to commence construction on the $93 million project.

Projected to open in the fourth quarter of 2020, the 14-story hotel will be located at 317 K St., NW on the northeast corner of 4th and K. This site is just three blocks east of the highly anticipated downtown Apple Store in the historic Carnegie Library, as well as the Walter E. Washington Convention Center.

BBGM Architects of Washington, D.C., which designed the new Intercontinental Washington DC — The Wharf, is the project architect. Urgo Hotels & Resorts of Bethesda, Md., will operate the property, which will feature penthouse-level meeting rooms. Kinsley Construction Inc. is the general contractor.

Sequar announced plans for a hotel on the site, to be called Lima, in 2015. The original plan was for 200 hotel rooms with 30 apartments on the upper floors. A 2016 change in zoning regulations allowed 100 percent hotel use. A small commercial building and auto body shop on the site will be demolished shortly.

The Mount Vernon Triangle neighborhood now has more than 4,500 residential units, 1.8 million sq. ft. of office space, and 272,000 sq. ft. of retail space. Another million sq. ft. of office space, 574 apartments, and 127,438 sq. ft. of retail are either under construction or in the development pipeline. The new Holiday Inn Express and other planned hospitality construction are slated to bring more than 1,000 hotel rooms to the neighborhood.




Today's top stories

Construction Market Boosts Economy

Bobcat Company Donates $885,000 in Equipment to Support Salvation Army's Disaster Relief Efforts

VIDEO: KEMROC Expands; Plans to Increase Nationwide Presence

'Machinery Pete' Interviews Jack Lyon On RFD TV

Highway Equipment & Supply Co. Hosts Customer Event in Bloomsburg, Pa

Huntsville, Ala.'s Sandra Moon Community Complex to Begin Final, $31.3M Phase of Work

Over $7M in State Funding Awarded to Boost Site Readiness at Four Alabama Developments

In Mobile, Ala., Work Set to Begin On Submarine Plant, Airport Access Road


 







39.96118 (ip) \\ -82.99879 (ip) \\ Columbus (ip) \\ OH (ip)