Urban Infill Development
Michigan & Irving Project
Washington, DC
Favorably restructured the existing ground lease with the District of Columbia to ensure financeability of the project
Two phases encompassing - 700,000 square feet of development in an underserved hotel market near several universities and hospitals
Phase I to include a - 336 key dual-branded Marriott Residence Inn and Marriott Courtyard Hotel with a conference center and street-front retail
Phase II contains an additional - 300,000 square feet, currently in planning

Investment themes: Urban infill location – Value-added through ground lease process: underserved retail and hotel market

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