WASHINGTON, DC-The development group headed by Bethesda's Englewood LLC has reached an agreement with Hilton Worldwide to build a new 195-room Homewood Suites at its property at 50 M St. SE here.
Englewood and affiliate KGC 50 M LLC, acquired the site, which is leas than a block from Nationals Park, in May for $13 million from MR Ballpark 6 LLC, a partnership between Monument Realty and Lehman Bros, according to the Washington Business Journal.
The 11-story Homewood Suites is one of a number of hotels in the pipeline near the home of the Washington Nationals.
Englewood President Ken Finkelstein says, "The Homewood Suites by Marriott is a very strong brand. This kind of a hotel, an extremely strong hotel, is a good fit for Washington in general and for this location specifically." See story in the Washington Business Journal.
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