OTO Development Breaks Ground on Hyatt Place National Harbor in Prince George’s County, Maryland

OTO Development, part of The Johnson Group, is an award-winning, fast-growing hotel development and hospitality management company. Founded in 2004 and partnering with the Hilton, Hyatt and Marriott brands, OTO's industry leadership position is anchored by a portfolio of excellent hotels staffed by exceptional people. The company currently owns and/or operates ~70 hotels comprising approximately 8,000 room keys. OTO's impressive growth is focused on developing new hotels in high-barrier-to-entry markets; purchasing and repurposing existing hospitality properties; and expanding management contracts with clients ranging from publicly traded REITs to private equity firms to high net worth individuals. For more information, visit OTODevelopment.com.

Situated on the banks of the historic Potomac River and just minutes from the nation’s capital, National Harbor is a 350-acre waterfront resort destination unlike any other. Developed by Peterson Companies 11 years ago, National Harbor is home to two of Maryland’s Four Diamond rated hotels—Gaylord National Resort and Convention Center, the East Coast’s largest non-gaming hotel and convention center which has almost 2,000 hotel rooms and 600,000 sq. ft. of meeting space and MGM National Harbor, an integrated luxury entertainment resort with renowned chef-driven restaurants, a 3,000-seat state-of-the art theater, and one of the largest gaming floors outside of Las Vegas. The vibrant Waterfront District at National Harbor features boutique shops, restaurants, and entertainment options along picturesque promenades. The iconic Capital Wheel, a 180-ft observation wheel, Tanger Outlets’ 85 premium brands, interactive public art and a robust calendar of events round out this destination that welcomes more than 12 million visitors a year and is home to more than 2,000 residents. Topgolf National Harbor will join the mix in spring 2019. For more information, www.NationalHarbor.com.

As one of the largest privately-owned real estate development companies in the DC region, Peterson Companies consistently delivers some of the area’s most exciting destinations. Over the past 50 years, we have created such exceptional landmarks as National Harbor, Downtown Silver Spring, Fair Lakes, and Fairfax Corner. With a proven ability to move quickly on opportunities to reshape and enhance local communities, we create vibrant residential and business districts that benefit all who live and work in our region. Combined with our extensive real estate portfolio of mixed-use retail, residential and office developments are several other companies and investments, such as Vizuri Health Sciences, that together, reflect our commitment to improve the lifestyles of those who share the place we call home. For more information about the Peterson Companies, please visit www.petersoncos.com.