DC Development Report

Sector: Hospitality

In the past five years, District hotel occupancy has steadily increased from 76.3% in 2013 to 78.7% in 2017, mirroring a metro-wide trend.

Annual Visitors

3.6% Increase from 20161

Hotel Occupancy Rate

Q1 – Q3 2018 2

Hotel Rooms

Q3 2018 2

REVPAR

Q1 – Q3 2018 2

[{"data":[1007,895,415,550,2053,962,1991,544,1324,659,594,608,2724,1891,1290,291,1021,0,0],"name":"Groundbreaking"},{"data":[1416,439,400,1106,754,538,2159,1035,1614,204,356,426,1795,1203,1352,2527,1280,986,477],"name":"Completed"}]

Top Hospitality Projects Completed (1Q 2017 – August 2018)

 ProjectWardLocationDeveloper(s)Hospitality SFRoomsEst. Value ($M) (1)Delivery
1The Wharf (Phase I)
6Southwest Waterfront
Hoffman-Madison Waterfront
630,000
690$1,326Q4 17
2Museum of the Bible
6300 D St., SW
Museum of the Bible
430,000
$504Q4 17
3D.C. United Stadium
6100 Potomac Ave., SW
D.C. United / DC Government
421,000$400Q3 18
4The Line DC
11770 Euclid St., NW
Foxhall Partners / Friedman Capital Advisors / Sydell Group
172,000227$100Q4 17
5Eaton by DC
21201 K St., NW
Pacific Eagle Holdings
172,000209Q3 18
6F1rst
61st & N Sts., SE
McCaffery Interests / Grosvenor Americas / Clark Enterprises Inc.
127,200170$150Q2 17
7The Darcy21515 Rhode Island Ave., NWKHP Capital Partners87,600226Q2 17
8Pod Hotel2627–631 H St., NWModus Hotels / Monument Realty / Cafritz Interests61,400245$60Q1 17
9Hotel Hive22224 F St., NWAbdo Development25,00083Q1 17
10Corcoran Gallery of Art
2500 17th St., NW
George Washington University
35,000$80Q3 18
1) may include non-hospitality components & pipeline values may include additional phases ($ in millions)

Top Hospitality Projects Under Construction (August 2018)

 ProjectWardLocationDeveloper(s)Hospitality SFRoomsEst. Value ($M) (1)Delivery
1The Wharf (Phase I)
6Southwest Waterfront
Hoffman-Madison Waterfront
630,000
690$1,326Q4 17
2Museum of the Bible
6300 D St., SW
Museum of the Bible
430,000
$504Q4 17
3D.C. United Stadium
6100 Potomac Ave., SW
D.C. United / DC Government
421,000$400Q3 18
4The Line DC
11770 Euclid St., NW
Foxhall Partners / Friedman Capital Advisors / Sydell Group
172,000227$100Q4 17
5Eaton by DC
21201 K St., NW
Pacific Eagle Holdings
172,000209Q3 18
6F1rst
61st & N Sts., SE
McCaffery Interests / Grosvenor Americas / Clark Enterprises Inc.
127,200170$150Q2 17
7The Darcy21515 Rhode Island Ave., NWKHP Capital Partners87,600226Q2 17
8Pod Hotel2627–631 H St., NWModus Hotels / Monument Realty / Cafritz Interests61,400245$60Q1 17
9Hotel Hive22224 F St., NWAbdo Development25,00083Q1 17
10Corcoran Gallery of Art
2500 17th St., NW
George Washington University
35,000$80Q3 18
1) may include non-hospitality components & pipeline values may include additional phases ($ in millions)

Top Hospitality Projects Pipeline (Near Term)

 ProjectWardLocationDeveloper(s)Hospitality SFRoomsEst. Value ($M) (1)Delivery (2)
21National Air and Space Museum2The National MallSmithsonian687,000$9762025
22Storey Park61005 1st St., NEPerseus Realty / Four Points /
Greencourt Capital
184,436235$3302021
23Armature Works61200 3rd St., NETrammell Crow Company / High Street Residential147,0002042021
24SLS Lux Hotel & Residences6901 5th St., NWPeebles Corporation / MacFarlane Partners142,500175$1352020
25411 New York Avenue
5411 New York Ave., NE
Brook Rose Development / D.B. Lee Development Inc.
111,440
178
263900 Wisconsin Avenue
33900 Wisconsin Ave., NW
Roadside Development / Sekisui House
100,0001502022
27601 K Street
6601 K St., NW
Douglas Development Corporation
96,755
234$472020
28Cambria Hotel & Suites
61535 Half St., SW
Donohoe Companies
81,0001542022
29Press House at Union District6301 N St., NEFoulger-Pratt80,366175$1802020
30The Wharf (Phase II)
6Southwest Waterfront
Hoffman-Madison Waterfront
80,000
116$1,2002022
1) may include non-hospitality components & pipeline values may include additional phases ($ in millions)

2) delivery date may reflect phase I delivery or final phase delivery

1. DestinationDC (2017 Visitor Statistics) 2. REVPAR International. RevPAR = Revenue per Available Room. F = Forecast based on targeted delivery dates of projects under construction as of August 2018 (WDCEP does not forecast groundbreakings). * includes new construction & renovations.