A rendering of the Bisha Hotel in Toronto which is slated to open next year as part of Loews’s OE Collection of lifestyle hotels INK Entertainment
Last year was the Year of the Lifestyle Hotel, with Marriott, Hilton and InterContinental among the many players introducing new brands or making acquisitions in this hot market segment.
After less than a month, 2015 looks on pace to surpass it.
A veteran Washington, D.C., developer has raised financing for a speculative office building project near Ford’s Theater with a $44.5 million construction loan and $9 million obtained through a federal program that allots visas to foreigners who invest in U.S. development projects.
Douglas Development Corp. has already started building the 93,000 square foot tower at 1000 F Street. The building is considered speculative because Douglas is moving ahead with very little preleasing.