1 Hotel Washington DC Still Delayed
Starwood Capital’s 1 Hotels brand has been so finicky since being initially announced in 2007 and then location after location either being delayed or canceled.
One project though – the 1 Hotel Washington DC actually seems like it will be their flagship location – that is.. Once it finally gets off the ground.
Last week I came across a story which did some investigating the status of the 1 Hotel Washington DC – now currently an undeveloped plot of land surrounded by “1 Hotels Coming Soon” signs.
(Photo from Bisnow.com)
It seems as though they were able to get in touch with Neil Jacobs, Starwood Capital’s lead for the SH Group which is in charge of the 1 Hotel & Baccarat Hotel brands.
Neil stated
that the project has slowed due to the credit freeze, but that he’s hopeful it’ll resume by year end.
Unfortunately, that’s also the same time that Perseus Realty Group (the developer) has as their scheduled opening time frame.
Neil also stated that Starwood owns the land free and clear so there is no rush to finish the project due to a mortgage or bank commitment.
Sigh, so when will we see a 1 Hotel?! Hopefully during this time Starwood has had a chance to refine the brand even more, ensuring its success once it finally launches.
Related posts:
- 1 Hotel Washington Continues On (And Pictures!)
- Rumors of 1 Hotels Demise Are Greatly Exaggerated
- 1 Hotel Washington DC To Have Groundbreaking Soon?
- Starwood Capital’s 1 Hotel Comes to Washington, DC
- A W Hotel will finally open in Washington DC
Category: 1 hotels, barry sternlicht, construction, SH Group, Starwood Capital Group
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