Washington, DC (PRWEB) March 03, 2014

Hilton Worldwide and Englewood LLC today announced plans for a 195-suite Homewood Suites by Hilton, Hilton Worldwide’s international brand of upscale, all-suite, extended-stay hotels, to be developed by KCG 50 M LLC, an affiliate of Englewood LLC, in the Capitol Riverfront neighborhood of downtown Washington, DC. Homewood Suites Washington DC – US Capitol / Ballpark Area will be located at 50 M Street SE, directly across from the Navy Yard Metro station, one block from Nationals Park and proximate to Capitol Hill, The Yards Park, and the National Mall.

Construction of the eleven-story building is expected to commence in the late 2014/early 2015 with opening planned for the second quarter of 2016.

Hilton Worldwide is actively expanding the Homewood Suites by Hilton brand in major urban markets throughout the United States, and we are excited to be working with Englewood to bring Homewood Suites to this rapidly growing area, said Bill Duncan, Global Head, Homewood Suites by Hilton.

Ken Finkelstein, President of Englewood LLC, said, We are very excited to be working with Hilton Worldwide. This product is the perfect fit for the vibrant, diverse mixed-use environment that is developing in and around the Capital Riverfront area of Washington.

KCG 50 M LLC is a collaboration between Englewood LLC and CG Investments, a Washington, DC real estate investment and development organization formed by Greg and Candy Fazakerley subsequent to their ownership and management of Development Resources, Inc. (DRI), one of the leading private real estate development firms in the Washington, DC region. This is the two firms’ second such venture; they are also jointly developing a 208-key select service hotel in the Harbor East submarket of downtown Baltimore, with delivery scheduled for late this year.

Upon completion, Homewood Suites Washington DC – US Capitol / Ballpark Area will contain 195 attractively designed guestroom suites with a contemporary d