(Updated at 4:50 p.m. on 1/19/2023) A new dual-branded Marriott hotel is coming soon to Reston Town Center, according to a release.
The concept — the first of its kind by the company — would bring a Marriott AC Hotel and Residence Inn to the town center, the Donohoe Companies, Inc. announced today.
“Reston Town Center is the proven premier mixed-use development in Northern Virginia. The growing residential and business population leads the region in balanced growth,” Donohoe Development President Evan Weisman said. “The newly opened Metro Silver Line extension to Dulles Airport will afford our guests easy access to the hotel’s doorstep.”
Located at 1975 Opportunity Way, the project will feature a 120-key Residence Inn and a 147-key “upscale” hotel, connected by a direct pedestrian entrance to the new Reston Town Center Metro Station.
“We are thrilled to collaborate with Artemis to close this financing in an extremely challenging capital markets environment,” Robert Donohoe, Donohoe’s chief investment officer, said. “Artemis was able to provide a structure consistent with our business plan while addressing the complications associated with financing a component of a larger development.”
The LEED Silver project will include a shared lobby, a 4,000-square-foot restaurant, an indoor pool and a fitness facility. An upscale rooftop bar and lounge is also planned.
Here’s more from the company on the project:
The project’s 34,000 square feet of street-level retail and restaurant space will be the central gathering place for local offices and residents. The upscale rooftop bar and lounge will be a unique draw with spectacular views of northern Virginia.
Donohoe Development, Donohoe Construction, Donohoe Hospitality, and Complete Building Services worked with Reston Town Center master developer, BXP, to bring this project to life. Donohoe Construction has already commenced construction at the shovel-ready site. Upon completion in late 2024, Donohoe Hospitality will operate the hotels, and Complete Building Services will provide facilities management services.
Donohoe says it has obtained $74.7 million to finance the hotel’s construction with Artemis Real Estate Partners.