Mr. Songy Goes To Washington
Songy Partners' David Songy is finally making a mark in DC after 10 years of trying. Our sister pub was first to report that Songy is purchasing 1522 K St, an 81k SF empty office building, for $21.5M and transforming it into a hotel. We caught up with David yesterday: "We like the fundamental real estate aspect of the [DC] market...supply and demand constraints are in balance." Plus, David says, there's international demand in DC among investors, which means redeveloping the property, if successful, could fetch a high price. David says they're in talks with "several major nationally known flags" for the 160-room select service hotel.