WASHINGTON, DC—Lima Hotels, a new company established by local developer Habte Sequar, is planning to develop a 14-story hotel on a site located at 317 K St., NW, on the corner of 4th and K streets. A small commercial building and auto body shop on the site will be demolished.
It is scheduled to break ground in mid-2016.
So far the company is still working to secure a management company and flag for the new hotel. It has secured PGN Architects and Gordon & Greenberg as its architectural design team. The building will be a high-rise property, with 200 hotel rooms through the 11th floors. There will be 30 apartments on the 12th through 14th floors
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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.
