OTO Development Breaks Ground on Hyatt Place National Harbor in Prince George's County, Maryland
April 3, 2019 2:33pm
SPARTANBURG SC (April 3, 2019) – OTO Development, part of The Johnson Group, has broken ground on Hyatt Place National Harbor. Slated to open in late 2020, the seven-story waterfront hotel will be the first Hyatt-branded property in Prince George’s County, Maryland. It’s the latest hospitality addition to National Harbor, a 350-acre destination on the banks of the Potomac River with a variety of shopping, dining and entertainment opportunities.
Based in Spartanburg, South Carolina, OTO previously developed a Hampton Inn & Suites in National Harbor and now manages that property for Blackstone.
“It’s always exciting to break ground on a new project,” says Corry Oakes, President/CEO of OTO Development, “and that’s especially true within dynamic markets where we already enjoy strong partnerships and successful past collaborations. Our new Hyatt Place will complement National Harbor’s current mix of hotels and resorts, offering a pet-friendly option with thoughtfully designed guest rooms and social spaces.”
Hyatt Place was rated the #1 Upscale Brand in the 2018 Business Travel News Hotel Brand Survey. Factors for its popularity include fresh design concept, larger guest rooms, healthy food and fitness options, 24/7 dining, and brand consistency.
OTO’s partners for the Hyatt Place project in National Harbor include Turner Construction of New York, general contractor; and //3877 of Washington DC, architect and interior designer. The land deal closed on March 1 with Peterson Companies, developer of National Harbor.
“OTO’s history and in-depth knowledge of National Harbor, coupled with the opportunity to introduce the Hyatt brand into an already impressive collection of hotel and resort offerings, made them an ideal partner,” says Taylor Chess, President of Development for Peterson Companies. “We’re excited to collaborate with OTO and welcome Hyatt Place to the Waterfront District at National Harbor.”
The LEED Certified Hyatt Place National Harbor will feature:
Once open, Hyatt Place National Harbor will create 40 FTE jobs.
For more information, contact Diane Jackson, OTO Public Relations Manager, at 864.325.6274 or email@example.com.
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hyatt place national harbor,
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.
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