The Real Deal New York

National Market Report: Hilton and Hyatt partner in DC hotel, white-collar employers ditching offices in LA … and more

By Adam Warner | September 23, 2015 04:54PM

From the September issue: The unlikely team of Hilton Worldwide and Hyatt Hotels Corp. will build a 413-room, dual-branded hotel at the Wharf, a $2 billion mixed-use waterfront development in Washington. Dual-branded hotel properties are not rare, the Washington Business Journal noted, but what’s unique about The Wharf is that competitors will share the space. The partnership combines Hilton’s new “accessible-lifestyle” brand, Canopy, with an extended-stay Hyatt House. The 120,000-square-foot, 175-room Canopy and the 145,000 square-foot, 238-room Hyatt House are both slated to open in fall 2017  as part of The Wharf’s first phase. [more]