SILVER SPRING, Md., March 4, 2013 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest hotel companies, and Concord Hospitality announced today that construction of the 182-room Cambria Suites hotel in Washington, D.C. has begun "skyward." As opposed to a traditional groundbreaking event, the "sky break" marks the start of hotel construction skyward above newly constructed retail at CityMarket at O, a mixed-use development one block from the Washington Convention Center. The all-suite hotel features spacious, larger than standard hotel rooms, a rooftop pool, fitness center and outdoor urban oasis terrace with open green space featuring sweeping views of the U.S. Capitol and the national monuments.
The project represents an investment of more than $40 million and an estimated 300 jobs to the Washington metro area, which has served as home to the global headquarters of Choice Hotels since 1968. Cambria Suites Washington, D.C. builds on the great momentum of this emerging brand. Three Cambria Suites hotels are currently under construction in New York City and White Plains in nearby Westchester County, with Cambria Suites White Plains set to open this summer. Cambria Suites Miami will open this summer as well. And, development agreements were recently announced for Cambria Suites hotels in Plano, TX – a corporate community outside Dallas, and Scottsdale, AZ.
Washington, D.C. Mayor Vincent Gray, city officials, community and business leaders, members of the national and Washington, D.C. tourism community and development partners joined the unique "sky breaking" ceremony which marked the start of hotel construction. The event featured a dramatic 30-foot reveal of a rendering for the new hotel capturing the future landscape of this revitalized community.The project is a venture between Choice Hotels, Concord Hospitality and Roadside Development, the developers of CityMarket at O. Concord Hospitality is an award-winning hotel management and development company managing more than 90 upscale select-service and full-service hotels across 24 states and two Canadian provinces; Roadside Development is a Washington DC-based real estate firm whose current portfolio of projects include over 1.5 million square feet of retail, 1,500 residential units, and over a half million square feet of office space. TRAVEL MEANS BUSINESS "We are proud to bring Cambria Suites to Washington, D.C. Choice Hotels' history is rooted in this region. We live in this community. We are committed to this area," said Stephen P. Joyce, president and CEO of Choice Hotels International. "Travel means business. By constructing this new Cambria Suites hotel in this historic and resurging community, we're not only giving visitors a great place to stay, we will be infusing millions of dollars into the local economy and community for years to come." SUPPLYING DEMAND DOWNTOWN
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