Upon the opening of Thompson D.C., Union Investment will acquire the hotel from Geolo Capital and JW Capital Partners
San Francisco-based Geolo Capital and Boston-based JW Capital Partners announced plans for a new Thompson Hotels project in Washington, D.C. on March 1. Slated to open in early 2020, the 225-room Thompson D.C. will be the first hotel development in The Yards—the city’s earliest industrial neighborhood—and will boast locally-inspired design, and a variety of signature amenities. Situated on D.C.’s scenic riverfront, within walking distance from Nationals Park, The Yards is transforming into a vibrant modern hub reflective of the area’s rich, maritime past. Thompson D.C. will be a social anchor in this growing mixed-used community, joining dozens of specialty retailers, restaurants, and high-end residences.
“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 an investment in the neighborhood, makes this one of the most dynamic hospitality opportunities in America,” said John Pritzker, founding partner and director of Geolo Capital. “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.”
Developed by real estate investment group JW Capital Partners and private equity investment group Geolo Capital, Thompson D.C. will feature 38 suites—including two expansive Thompson Suites—many with views of the Anacostia River and nearby Nationals Park. In addition, the property will boast signature food & beverage establishments, including a ground-level restaurant, lobby lounge, and an expansive rooftop bar with 360-degree views of the city. Other amenities include a state-of-the-art fitness center, and 4,000 square feet of flexible meeting and event space.
Employing the expertise of Studios Architecture and New York City-based interior design firm Parts and Labor Design, the hotel will draw inspiration from the area’s notable Navy Yard, incorporating industrial patterns and textures found in historic naval structures. Copper, metal, emerald, and ivory tones will be implemented throughout the building’s intricate interiors and guestrooms, with dark iron bricks, metal panels, and a dark grey façade defining the exterior.
Upon the opening of Thompson D.C., Union Investment will acquire the hotel from Geolo Capital and JW Capital Partners.
“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,” added Deborah Ratner Salzberg, president of Forest City Washington, the developer of The Yards. “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 D.C. is located at the corner of Tingey Street SE and 3rd Street SE just steps from The Yards Park and Anacostia Riverwalk Trail. To learn more about Thompson Hotels, visit www.thompsonhotels.com.
Source: Geolo Capital