Done deal: Conrad finalized for D.C.'s CityCenter

The hotel at the mixed-use CityCenterDC development will officially be a Hilton-branded Conrad, with developers Hines Interests LP and Qatari Diar set to begin construction on the hotel in mid-2015.

The 370-room hotel will also include 70,000 square feet of retail, which would open in the fall of 2017 and the hotel in early 2018. The financial terms of the deal were not disclosed.

It will be the first Washington, D.C., hotel under the Conrad Hotel moniker from Hilton (NYSE: HLT), whose name comes from the original founder of the hotel company, Conrad Hilton. The luxury hotel fits with CityCenterDC’s upscale residences and retail offerings, and will cater to the luxury business traveler.

The Conrad Washington, D.C., will be designed by Swiss firm Herzog & de Meuron Architekten. The interior design will be done by Rottet Studio.