Phase IV establishes a boutique hotel at Wilder Ave. and Beach Terrace, adjacent to Riverboat on the Potomac, by 2024.
We commissioned an outside study from advisory group REVPAR International, which found "sufficient market support" for the development of a 55-unit, upscale, full-service hotel on the river.
The report also recommended an event space of 2,250 square feet, along with a restaurant with both indoor and outdoor dining. That supports our plan to build just that at Wilder Avenue and Beach Terrace, adjacent to Riverboat on the Potomac.
We have also started raising capital for this project. Prospective investors can inquire with us for more.
We are expecting a 2024 opening.