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16 Things You Need to Know This Morning

16 Things You Need to Know This Morning
Potomac Investment Properties, CityPartners Get $20M Loan For Southwest DC Hotel
EagleBank has provided a $20M bridge loan to Potomac Investment Properties and CityPartners for the 214-key Hyatt Place Hotel at 400 E St. SW. Completed November 2015, the hotel is fully operational and has achieved top-of-class occupancy levels. The hotel is within walking distance of the National Mall and the Wharf — opening October of this year — and enjoys great access to I-395. It is only two blocks from Federal Center Metro and four blocks from L’Enfant Plaza Metro. It offers a rooftop terrace with bar, five meeting rooms with flexible space totaling over 3,000 SF, an outdoor swimming pool and state-of-the-art media room. 

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