Washington Business Journal
The hotel will be a four-story, 125-suite building. The brand,which Hilton launched last year, will also open hotels in Stafford,VA; Norfolk, VA; White Marsh, MD; Baltimore and Lexington Park, MD;according to the article. By the end of 2013, Hilton plans to have100 Home2 Suites in operation.
New development for hotels is rare event now, especially when ahotel can be acquired at below replacement costs, observed David P.Fuller, principal with HVS Consulting, tells GlobeSt.com. "I am alittle surprised they are building - it could be that they see aniche in the submarket that hasn't been filed yet."
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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.
