Sequar celebrates groundbreaking of $93 million hotel at 4th and K Streets, NW in Washington, DC
WASHINGTON, DC — A 247-room Holiday Inn Express hotel will break ground this month in Washington, DC’s Mount Vernon Triangle neighborhood. Birchington LLC, owned by Habte Sequar, closed on a construction loan from Atlanta-based Stonehill Strategic Capital to commence construction on the $93 million project. Projected to open in the fourth quarter of 2020, the 14-story hotel will be located at 317 K St., NW on the northeast corner of 4th and K. BBGM Architects of Washington, DC, which designed the new Intercontinental Washington DC - The Wharf, is the project architect. Urgo Hotels & Resorts of Bethesda, MD will operate the property, which will feature penthouse-level meeting rooms. Kinsley Construction, Inc. is the general contractor.