WASHINGTON, DC-DCmud reported that the long-simmering Georgetown hotel project has obtained financing and is finally proceeding ahead. The Capella Georgetown hotel will come up at 1050 31st St. NW.
The ultra luxury hotel will be constructed at the old American Trial Lawyers Association property. The total cost of the project is approximated in the $45 million range. The project retained Point Ford Management Ltd. to make the financing for the development begun by Castleton Holdings Inc., Capella Hotels & Resorts and ICG Properties. For the full story, go to Washington Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.