Phase IV establishes a boutique hotel at Wilder Ave. and Beach Terrace, adjacent to Riverboat on the Potomac, by 2024.
The Details
-
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.
Project Timeline
-
We are expecting a 2024 opening.