Housing Complex

U.S., Qatari Developers Finalize Deal for Luxury Hotel at CityCenterDC

Conrad WashingtonDC

The American and Qatari developers of the downtown CityCenterDC complex announced today that they've finalized a deal to bring a luxury hotel to 10th Street NW and New York Avenue.

Houston-based Hines and Qatari Diar, the real estate development arm of the Qatar Investment Authority, will build a 370-room luxury hotel and 70,000 square feet of retail at the site. The hotel will be called the Conrad Washington, D.C., part of Conrad Hotels & Resorts, the luxury hotel line from Hilton.

Hines and Qatari Diar expect to begin construction in mid-2015. Retailers would begin moving in in the fall of 2017, and the hotel would open in early 2018.

"Adding a world-class luxury hotel caps the transformation CityCenterDC brings to the downtown area of the District of Columbia," outgoing Deputy Mayor for Planning and Economic Development Victor Hoskins said in a statement. "This addition will be instrumental in our efforts to attract visitors to the city and to continue to grow and strengthen the city's economy."

John T. A. Vanderslice, the global head of Conrad Hotels & Resorts, described the coming hotel as "a destination for a new generation of global luxury travelers for whom life, business and pleasure seamlessly intersect."

The Washington Post previously reported rumors of the hotel deal. The Conrad hotel line is named after Hilton founder Conrad Hilton.

CityCenterDC has increasingly shaped up as a destination for the one percent; in addition to the hotel, the complex already has or will soon feature a lineup of high-end retailers that includes Kate Spade, Longchamp, Allen Edmonds, Burberry, Dior, Hermès, Paul Stuart, Salvatore Ferragamo, and Zadig & Voltaire.

Rendering by Herzog & de Meuron

  • Hilary

    Seems like an odd move given that the Marriot just opened up a few blocks away...

  • StantonSez

    The "one percent" thing is kind of tired.
    There's a segment of "aspirational" 99%-ers who splurge on the wares from these luxury stores. Maybe you won't shop there and perhaps you prefer that Fairfax, Montgomery and
    Arlington counties continue to get the sales tax $$ that these stores generate. I may not be a Longchamp or Burberry shopper, but I welcome them and their shoppers.
    by the way, Conrad targets a different segment from the Marriott, and their guests will like luxury stores at their doorsteps.

  • Circle Thomas

    Conrad attracts a very different clientele than the Marriott will. Still, I see the proposed department store on the first several floors has followed the Apple store, Uniqlo and fish market out the window to make room for more disappointing luxury retail.

  • Steven

    The fact that the Marriott is a block a way is even more reason why Hilton would want this location. They don't have a full service, luxury level hotel in the neighborhood. Their closest properties are a Hampton Inn and Embassy Suites. DC is a good market for the Conrad brand, and that location has everything going for it – convenient to the Convention Center and business destinations in Penn Quarter and downtown. Not building a hotel in that area basically cedes the Convention Center neighborhood to Marriott, which will have the new Marquis, the existing Renaissance, and a yet to be built hotel on the northeast side of L and 9th.

  • jorge

    Nice analysis Steven. I don't think Hilton even runs that Hampton Inn anymore, so that's really a dry spot for them.

    @Stanton, sorry if you're tired of hearing about economic inequality. It's still here. Anyway, it didn't sound like a criticism in the article, just an observation.

  • jorge

    PS love the phrase "life, business and pleasure seamlessly intersect." I wonder if DC has enough visitors who are travel writers or James Bond to really fill up a hotel though?

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  • Cambel

    Agreed, actually a well paid admin assistant is more likely to buy a Kate Spade bag, than somebody with millions. They buy custom things that aren't out in the shops.

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