The Savoy Suites hotel in Glover Park officially becomes the Kimpton Glover Park Hotel on Wednesday, bringing with the change a top-to-bottom renovation of the 154-room property at 2505 Wisconsin Ave. NW.
The Line D.C. hotel, which will open in Adams Morgan in early 2017, will feature restaurants from Toki Underground and Maketto chef Erik Bruner-Yang and Baltimore chef Spike Gjerde. The D.C. location of the hip hotel, which comes from the Sydell Group in partnership with Foxhall Partners, will be the second Line: the first is in the Koreatown neighborhood of Los Angeles.
When hip Kimpton Hotels won contracts to operate both the Carlyle Hotel in Dupont Circle and the Savoy Suites in Glover Park earlier this year, it was with the understanding that the Savoy would only transition to Kimpton after a substantial renovation.
Almost 300 restaurants have opened up in the past two years alone in the DC region, and Restaurant Association of Metropolitan Washington CEO Kathy Hollinger says she doesn’t think “we’ve reached a saturation point.” That was just one of the myriad things we learned this morning at our DC Restaurant and Retail event.
A 30-something couple is sitting next to me, talking through their favorite movies. It’s early on in the game, gauging from their fresh-faced enthusiasm. The conversation only pauses when spreading heaps of creamy burrata cheese on warm, crusty bread requires their full attention.
Welcome to permits on this cloudy Tuesday. Going forward, you may notice the frequency of this feature drop off just a tad. With multiunit rowhouse conversions and pop-ups now strictly limited, the volume of permits will inevitably fall. It has already. Some people will celebrate. Others will boo. But the end result is fewer permits, and fewer permit updates. That said, we have some good ones below.
Stylish boutique hotel chain Kimpton Hotels & Restaurants is adding two more hotels to its ample D.C. portfolio: the Carlyle at Dupont Circle and the Savoy Suites hotel. Both hotels are owned by Foxhall Partners, the D.C.-based real estate developer who is also partnering on The Line, the new Adams Morgan hotel.
Change is coming to Columbia Road Northwest, via the wrecking ball. Farmington Hills, Michigan-based Beztak Properties, having last year acquired the six storefronts at 1767-1777 Columbia Road in Adams Morgan (more specifically, Lanier Heights), in multiple transactions totaling $20.2 million, has now applied to raze the buildings.
A retail property at the intersection of 14th and U streets NW has sold for $1.95 million, earning its longtime owners a windfall profit. Marcus & Millichap Real Estate Investment Services on Wednesday announced the sale of 2009 14th St. NW, home to The Gibson, a popular speakeasy from the Hilton Brothers.
The new owners of the Carlyle Suites and Savoy Suites hotels in Washington, D.C., appear to be planning some changes to the properties. An affiliate of Foxhall Partners purchased the boutique hotels — Carlyle at 1731 New Hampshire Ave. NW and Savoy at 2505 Wisconsin Ave. NW — in December.
An affiliate of Foxhall Partners has purchased two boutique hotels in Northwest D.C., Bisnow reports. The properties — the Savoy Suites and Carlyle Suites — sold for a total of $91 million, or $284,000 per key.
A pair of adjoining mixed-use buildings in a high-traffic area of King Street are under new ownership. An affiliate of Washington, D.C.-based Foxhall Partners recently bought the structures at 363-365 King, between George and Calhoun streets.
Furin’s of Georgetown, an M Street staple for 27 years, will close its doors on July 31. combination catering company, bakery and cafe is truly a family affair: Owner Bernie Furin, his wife Wendy and his son Chris are daily fixtures in the kitchen and behind the counter, having purchased the building at 2805 M St. seven years ago.
Foxhall Partners, a commercial real estate company founded in April, has acquired 3241 and 3245 M St. NW in Georgetown from the Sweeny family for $4.6 million. The retail spaces, totaling 10,000 square feet, sit across from Georgetown Park Mall and are home to Pure Hospitality LLC’s Hook and Tackle Box Restaurants.
WASHINGTON, Oct. 4 /PRNewswire/ -- Foxhall Partners announced today that it has, in partnership with an affiliate of Wexford Capital LP, closed on the all-cash acquisitions of two adjacent retail properties located at 3241 and 3245 M Street in Georgetown.