This past year saw the highest occupancy rate for all Washington, D.C. hotels in a decade. The D.C. Office of Revenue Analysis analyzed data from May 2005 to May 2015 and discovered that this growth was attributed to the new Convention Center hotel’s first full year as well as the year-over-year exponential growth in demand for hotel rooms in Washington, D.C. Industry data company STR, Inc. determined that the 12-month year ending in May 2015 saw 6.2 percent higher hotel demand than the previous year, with a total 77.3 percent occupancy.
A look inside Douglas Development’s work to reshape a D.C. icon
The Uline Arena’s days hosting inaugural balls, rock concerts, circuses and sporting events are long gone, but a new chapter is now being written inside the cavernous structure by Third and M streets NE less than a block from the NoMa-Gallaudet U Metro station.
Construction is well underway at what was formally known as the M.J. Uline Ice Company and Arena, which is now enclosed by construction fences. By day, it serves as a hive for dump trucks and work crews gutting the interior of one of the most storied venues in local and national history.
Why D.C. and Maryland still think they need more retail
The Washington region has become one of the hottest areas for retailers in recent years, with new restaurants considered among the nation’s best, a slate of tony downtown shops at CityCenterDC and a glut of Whole Foods stores on the way.
Why then, are District officials — along with representatives of Prince George’s County and the state of Maryland — in Las Vegas this week pitching their jurisdictions to chain retailers?
Here’s another angle on D.C.’s biggest move ever
Last week, we showed you how Douglas Development Corp. and its contractor, Davis Construction, moved the first of two historic structures to make way for the massive Square 450 project in Mount Vernon Square.
The gargantuan effort, moving the 880-ton New York Avenue building 34 feet, is an impressive feat. The goal is to “preserve, protect and enhance the historic built environment” in the District, said Joe Baker, a senior project manager with Davis.
ALIS Award Winners Announced
Most Noteworthy Hotel Investment Deals and Executives Honored at ALIS
Los Angeles, CA, January 27, 2015 – Executives and companies responsible for the most influential hotel industry deals in 2014 were honored with prestigious ALIS awards at the Americas Lodging Investment Summit (ALIS) awards luncheon today. Nominees are considered for the awards based on outstanding business performance in various industry sectors and determined by ALIS sponsors and delegates. This year’s winners are: