New Hotels Open Near D.C, First in 20 Years

March 07, 2011 / Elizabeth Buckley, Commercial Property Analyst

The urban development in Arlington County, Virginia — Crystal City welcomes the opening of two new hotels, the newest addition to the area’s commercial establishments. According to a report, the new hotels — Renaissance Arlington Capital View and Residence Inn Arlington Capital View, would be the first hotel development in the area for more than 20 years.

New Hotels Open Near D.C, First in 20 Years

In San Francisco, another new hotel has recently received an LEED certification from the USGBC. The InterContinental hotel, awarded with LEED Gold, is said to be the first green hotel among IterContinental Hotels & Resorts’ hotel properties across the globe.

The new hotels, located just south of downtown Washington, D.C, were developed by JBG’s Marriott Hotels, a worldwide franchisor and operator of hotels and related lodging centers.

According company information, the new hotels, which took two years before to complete, are the first LEED certified “green” hotels in the county.

JBG Cos, the owner and developer of the new hotels did not disclosed construction costs of the properties, but, a group of investors, led by the fourth largest bank in the U.S, Wells Fargo provided $128.7 million before the hotels’ groundbreaking.

Renaissance Arlington Capital View has 300-room, while the Residence Inn Arlington Capital View has about 325 suites — these back-to-back are said to help anchor the National Gateway at Potomac Yard project, the $1 billion located west of Reagan National Airport.

The location of the new hotels will also benefit from corporate travelers and tenants with Boeing, Public Broadcasting Service, and Lockheed Martin’s offices in the area. The new hotels are said to have an opening weekend rate of $109, and regular daily rates that starts from $299 to $399.

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