TPG Hotels & Resorts to co-Develop/Operate First Moxy Hotel in Washington, DC

TPG Hotels & Resorts to co-Develop/Operate First Moxy Hotel in Washington, DC

PROVIDENCE, RI — TPG Hotels & Resorts announced today that it has been selected to operate the first Moxy hotel in Washington, DC. In coordination with Owner/Developer Douglas Development Corporation of Washington DC, TPG Hotels & Resorts will provide technical development services assistance throughout the development process and manage the property upon completion, currently targeted for Q1 2017. Moxy DC Hotel, Marriott International’s contemporary and edgy lifestyle brand, will be located on the corner of 11th & K Streets in Washington DC.

“We are thrilled to partner with Douglas Development and to be the first hotel company to manage a Moxy branded hotel in the Greater DC area” states Paul Sacco, TPG Hotels & Resorts’ Chief Development Officer. “Moxy DC Hotel, an exciting new Marriott-family brand, is yet another example of new lifestyle hotels TPG is actively engaged in throughout the US which complements our successful history of operating core, full-service brands for over three decades”.

Douglas’ Design plans involve incorporating an existing historic building into the overall design and function of the Moxy brand. The 13-story hotel will contain 200 guestrooms, a rooftop lounge, an outdoor street level patio, and also feature a live Instagram Wall capturing images in real time from Moxy travelers worldwide.

From the communal NOW public space to smart, flexible bedrooms, Moxy DC Hotel will offer a bold, surprising design for the socially extroverted, energetic consumer. The design and style will feature an industrial chic look and aesthetic of polished concrete floors, exposed concrete columns, and open ceilings.

The property’s owner, Douglas Development Corporation (DDC), is one of the most prominent real estate developers in the Washington area and has earned a national reputation as a leader in redevelopment of historical properties.

“This site at 11th and K embodies all the key characteristics we look for when considering historic restoration and repurposing through thoughtful expansion” states Douglas Jemal, DDC’s Founder & President. “The conversion of this property to a Moxy Hotel will add excitement and vibrancy to this high profile location. We look forward to delivering another marquis development to the greater DC area.”

Moxy DC Hotel’s bedrooms will intermix edgy with functionality. The open storage concept will feature a peg wall for ultimate flexibility when unpacking. A comfy lounge chair, small work surface and stool for unpacking will also be included. The platform bed will be outfitted with “underbed” motion sensor lighting. The bathroom will be a one-compartment layout with textured glass door and wall, shower and signature vanity.

The Moxy B&F strategy was thoughtfully designed with the target audience in mind – seamless, smart and fun. Moxy DC Hotel’s 24/7 self-service concept gives guests access to what they want, whenever they want. The layout will allow guests to hang at their own pace – on a couch with mobile device in hand or in a lively scene at the bar with beverage in hand. The hotel will feature keyless entry, screencasting, abundant plugins, tech-enabled rooms, motion sensor lighting under bed, and furiously fast and free wifi.

The Moxy brand is a new disruptive hotel experience that is spirited, fun, and always thoughtful, catering to the next generation of travelers. “We are thrilled to bring the Moxy lifestyle to Washington, DC,” said Toni Stoeckl, vice president of Marriott International’s Lifestyle brands. “It is not just about offering a value proposition, it is also about responding to the changing needs of today’s consumers and offering an edgy and dynamic hotel experience that emotionally resonates with the young and the young at heart.”

The Moxy DC project comes on the heels of a highly active 2015 for TPG which included multiple new development and/or management assignments. Additionally, TPG Hotels & Resorts has several lifestyle properties currently under development including California’s first Marriott AC Hotel in San Jose and other ground-up lifestyle hotel development projects in New Orleans, Providence and other major U.S. cities. During 2015, TPG Hotels & Resorts also celebrated the opening of the HyattHouse Atlanta Downtown located next to the Atlanta Aquarium in the emerging Downtown District of Atlanta, GA.
About TPG Hotels & Resorts:

Ranked among the top five largest U.S. hotel management companies, TPG Hotels & Resorts (est. 1985) boasts a national operating portfolio of more than 60 hotels representing nearly 20,000 guestrooms in 26 states. TPG Hotels & Resorts is an approved/preferred operator of all major brands and delivers top-tier performance of core branded & lifestyle full service and select service properties to multiple ownership groups and capital partners. For more information, please visit www.tpghospitality.com.
About Douglas Development Corporation:

With nearly 250 employees, Douglas Development is well established as one of the most dominant and successful real estate developers in the Washington area. Under the direction of the firm’s top executives, Douglas Development has grown into a fully integrated real estate company. Douglas Development boasts a portfolio of over 11 million leasable square feet with more than 8 million square feet of developable real estate in its pipeline. Between 1990 and 2013, Douglas Development expanded its commercial portfolio from less than 250,000 to over 11 million square feet and expanded its portfolio from 15 to over 200 properties. Douglas Development’s most notable, visible and well known projects are in the East End of Washington, and have served as the catalyst for the redevelopment of the entire area. Besides 7th Street Row (Chinatown) and the Woodies Building, other East End signature properties include 1155 F Street, 950 F Street (The Atlantic Building), 800 F street (home of the International Spy Museum), 509 7th Street, 912 F Street (The Ventana), 901 7th Street (The Marlo Building), and 1401 New York Avenue (Hecht Warehouse District).
About Moxy Hotels:

Moxy Hotels is Marriott International’s new millennial-focused brand that debuted in September 2014 with the opening of the Moxy Milan. A boutique-hotel concept for the budget-savvy traveler, Moxy is a fresh and innovative brand combining stylish design and approachable service at an affordable price point. With tech-enabled rooms, vibrant lobby spaces and warm, modern service, Moxy aims to surprise travelers with a thoughtful, spirited and fun guest experience. To learn more about Moxy Hotels, visit www.MoxyHotels.com.

 Follow Moxy on Instagram https://instagram.com/moxyhotels/

 Watch Moxy on YouTube http://www.youtube.com/MoxyHotels

 Engage #AtTheMoxy

 Watch the Moxy Manifesto video here http://moxy-hotels.marriott.com/our-story

Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda, Maryland, USA, with more than 4,300 properties in 85 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands. For more information or reservations, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com.

Media Contacts:

Ralph Izzi, TPG Hotels & Resorts
rizzi@tpghospitality.com
(401) 946-4600

Victoria Hart, Marriott International
victoria.hart@marriott.com

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