Thompson Hotels has settled on Washington, D.C.'s burgeoning The Yards neighborhood for its next luxury hotel project.
The international hospitality company will debut in the nation's capital with the 225-room Thompson D.C., scheduled to open along the scenic Anacostia Riverfront in early 2020. The property, which is The Yards' first hotel development, will be within walking distance of Nationals Park, The Yards Park, the Anacostia Riverwalk Trail and other area attractions.
San Francisco-based private equity investment group Geolo Capital and Boston-based real estate investment group JW Capital Partners are partnering on the new project, which will be acquired by Union Investment upon opening.
The hotel will feature a total of 38 suites, including a pair of expansive Thompson Suites offering stellar views of the surrounding neighborhood.
Food and beverage offerings will include a ground-level restaurant, a lobby lounge and rooftop bar boasting 360-degree views of southeast D.C. A fitness center and 4,000 square feet of flexible meeting and event space are among other notable amenities.
The hotel's design will be inspired by and incorporate elements of the neighborhood's industrial charm. Guests can expect to find copper, metal, emerald and ivory tones throughout the interior and guestrooms while the building's exterior will be made up of dark iron bricks, metal panels, and a dark grey facade.
"We couldn't be more thrilled to bring Thompson Hotels' brand of luxury lifestyle hotels to The Yards in Washington, D.C. The historic nature of the Navy Yard, combined with Forest City's vision for and investment in the neighborhood, makes this one of the most dynamic hospitality opportunities in America," said Geolo Capital's founding partner and director, John Pritzker, in a statement.
"We take great pride in bringing locally-inspired and impactful projects such as the Chicago Athletic Association and The Beekman, a Thompson Hotel, to destination cities. We have substantial experience animating hotels and neighborhoods to the best advantage for both the community and travelers to the region and look forward to continuing our partnership with JW Capital Partners to develop more hospitality projects in desirable up-and-coming locations."
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Developed by Forest City Washington, The Yards is a popular destination for locals and tourists alike who flock to the waterfront neighborhood to experience some of the city's best bars, restaurants, shops, music, outdoor space and water activities.
"We are thrilled to welcome Thompson Hotels into The Yards community as we continue to transform the neighborhood with new venues for visitors and residents to enjoy," said Deborah Ratner Salzberg, President of Forest City Washington, in a statement. "We know guests of the four-star, luxury hotel will love the close proximity to Nationals Park and the water, the city's best-curated collection of restaurants and our unique mix of homegrown retail. With this new addition, people can now dine, shop, live, play and stay like a local in Washington's premier waterfront community."
Thompson Hotels already has properties open or under development in New York, Chicago, Seattle, Nashville, Toronto, Texas, California, and Mexico. New York's Beekman, a Thompson Hotel, debuted two luxe penthouse suites last fall.
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