Davidson has inked about 10 new contracts over the last 15 months--and two in the last 30 days, including this one in Beltsville. The company first began operating in the DC area in 2004, when it added a hotel in Gaithersburg, MD to its management portfolio. Since then it has signed contracts with hotel operators in Richmond, VA; Annapolis, MD; and Alexandria, VA, a spokeswoman tells GlobeSt.com. She declined to provide the value of the Beltsville contract.
Located at 4095 Powder Mill Rd., the Sheraton Washington North Hotel is a nine-story facility that is close to several government offices, including the FBI, FDA, US Social Security Administration, Walter Reed Hospital, and USDA.
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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.
