stonehill strategic capital
Birchington to Break Ground on 247-Room Holiday Inn Express in Washington, DC’s Mount Vernon Triangle Neighborhood
May 7, 2019
Washington, DC, May 7, 2019 – 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 Street, NW on the northeast corner of 4th and K. This site is just three blocks east of the highly anticipated downtown Apple Store in the historic Carnegie Library, scheduled to open this week, as well as the Walter E. Was...