PROVIDENCE, RI – TPG Hotels & Resorts announced today that it has been selected to operate the first Moxy hotel in Washington, DC. In coordination with Owner/Developer Douglas Development Corporation of Washington DC, TPG Hotels & Resorts will provide technical development services assistance throughout the development process and manage the property upon completion, currently targeted for Q1 2017. Moxy DC Hotel, Marriott International’s contemporary and edgy lifestyle brand, will be located on the corner of 11th & K Streets in Washington DC.
“We are thrilled to partner with Douglas Development and to be the first hotel company to manage a Moxy branded hotel in the Greater DC area,” states Paul Sacco, TPG Hotels & Resorts’ Chief Development Officer. “Moxy DC Hotel, an exciting new Marriott-family brand, is yet another example of new lifestyle hotels TPG is actively engaged in throughout the US which complements our successful history of operating core, full-service brands for over three decades.”
Douglas’ Design plans involve incorporating an existing historic building into the overall design and function of the Moxy brand. The design and style will feature an industrial chic look and aesthetic of polished concrete floors, exposed concrete columns, and open ceilings.
The property’s owner, Douglas Development Corporation (DDC), is one of the most prominent real estate developers in the Washington area and has earned a national reputation as a leader in redevelopment of historical properties.
“This site at 11th and K embodies all the key characteristics we look for when considering historic restoration and repurposing through thoughtful expansion,” states Douglas Jemal, DDC’s Founder & President. “The conversion of this property to a Moxy Hotel will add excitement and vibrancy to this high profile location. We look forward to delivering another marquis development to the greater DC area.”
The Moxy brand is a new disruptive hotel experience that is spirited, fun, and always thoughtful, catering to the next generation of travelers. “We are thrilled to bring the Moxy lifestyle to Washington, DC,” said Toni Stoeckl, vice president of Marriott International’s Lifestyle brands. “It is not just about offering a value proposition, it is also about responding to the changing needs of today’s consumers and offering an edgy and dynamic hotel experience that emotionally resonates with the young and the young at heart.”
The Moxy DC project comes on the heels of a highly active 2015 for TPG which included multiple new development and/or management assignments. Additionally, TPG Hotels & Resorts has several lifestyle properties currently under development including California’s first Marriott AC Hotel in San Jose and other ground-up lifestyle hotel development projects in New Orleans, Providence and other major U.S. cities. During 2015, TPG Hotels & Resorts also celebrated the opening of the HyattHouse Atlanta Downtown located next to the Atlanta Aquarium in the emerging Downtown District of Atlanta, GA.