Keyword: Donohoe Hospitality
Marin Management added three hotels to its portfolio while Hotel Equities and Donohoe Hospitality Services each added one.
The promise of a worthwhile and sustainable ROI remains a key goal of owners and developers who go the new-build route in the upscale segment.
Donohoe Development Co. and Koucar Management are co-developing the 154-room Cambria Hotel Washington D.C. Capitol Riverfront.
The six properties total 1,106 rooms and comprise brands from Hilton, Choice Hotels International and Marriott International.
The developer secured a new loan for the property and has plans to begin construction this year.