WASHINGTON, DC-PM Hospitality Strategies is poised to win a contract to manage a hotel in Capitol Hill, specifically the Navy Yard. Principal Joseph Bojanowski tells GlobeSt.com that the developer is currently wrapping up development financing and will ink a deal on the project shortly. "The land was purchased last month and the hotel is expected to roughly deliver in mid-2015," he says.

This deal follows two other hotel additions to its management portfolio in the area: Hampton Inn and Fairfield Inn. All together, the company manages 11 hotels in the Baltimore-Washington Corridor. PH Hospitality is also pushing beyond its hometown roots, to expand deeper into California, Delaware and establish a presence in New York City.

The Washington DC hotel market has been relatively quiet for the past few years – indeed the city and surrounding area had the dubious distinction of being one of the worst performing top 25 markets in the entire US for two years running, Bojanowski says.

That, however, is changing as activity steps up. "There are at least half a dozen hotel projects under construction or about to start construction," he says.

The industry is eying increased demand from both the business and leisure sectors, particularly tourism-based leisure, he says. Of course, "everyone is concerned about the impact of the reduced government travel over the last two years and the impact of the sequester on government room night demand in the District."

However, he continued, "demand is strong for DC in every other segment and these segments are more highly-rated than the federal government.