WASHINGTON, DC-Starwood Capital Group has formed a partnershipwith locally based Perseus Realty LLC for development of StarwoodCapital's recently announced 1 Hotel brand. The JV has acquired thevacant former Nigerian embassy at 2201 M St. NW in the West Endneighborhood for the project.

Scheduled to open in 2010, it is one of an initial fourlocations under contract to contain Greenwich, CT-based StarwoodCapital's 1 Hotel brand properties, all of which are seekingfive-star status and LEED-certification from the US Green BuildingCouncil. Others are in Seattle, near Bryant Park in Manhattan, andin Atlanta.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Development
Hotels
National
Washington, DC