We received an overwhelming response from national and international hotel brands.
Washington, DC (PRWEB) August 14, 2015
Savills Studley’s U.S. Capital Markets Hospitality Group advised Hoffman-Madison Waterfront, the master developer of the mixed-use waterfront community The Wharf, in choosing Hilton Worldwide and Hyatt Hotels Corporation for its 413-key dual-branded hotel.
Following an extensive, year-long RFP process in which more than 20 hotel brands from around the globe responded, Savills Studley secured the Canopy by Hilton and Hyatt House brands for the 300,000-square-foot hotel. Both locations will be managed and operated by Concord Hospitality Enterprises Company and designed by SmithGroup JRR.
“We received an overwhelming response from national and international hotel brands. Ultimately it was determined that the unique combination of Hilton, Hyatt and Concord Hospitality Enterprises would provide a superior experience,” said Justin Magazine, managing director of Savills Studley’s U.S. Capital Markets Hospitality Group.
Canopy by Hilton will open its first location in the District of Columbia with a 120,000-square-foot lifestyle brand hotel with 175 rooms, while the Hyatt House be a 145,000-square feet extended-stay hotel with 238 rooms. The combined hotels will include dining options, a 1,100-square-foot fitness center, 2,500 square feet of meeting space, outdoor terraces, an outdoor pool and a rooftop bar. The property will be located between Maine Avenue and Wharf Street, adjacent to 7th Street Park. The hotels are expected open in Fall 2017.
About Savills Studley
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 27 offices in the U.S. and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.
The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 27,000 professionals and over 600 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).
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About The Wharf/Hoffman-Madison Waterfront
The Wharf, developed by Hoffman-Madison Waterfront, is a $2 billion, world-class, mixed-use waterfront development centrally located on the Potomac River, along the historic Washington Channel. Situated along the District of Columbia’s Southwest Waterfront and adjacent to the National Mall, The Wharf stretches across almost one mile of waterfront on 24 acres of land and more than 50 acres of water from the Municipal Fish Market to Fort McNair. When complete, it will feature more than three million square feet of residential, office, hotel, retail, cultural, and public uses including waterfront parks, promenades, piers and docks. Led by PN Hoffman and Madison Marquette, the development group is comprised of ER Bacon Development, City Partners, Paramount Development and Triden Development. Phase I opens in the third quarter of 2017. More information is available at http://www.wharfdc.com.