The hotel that has long been on the drawing board as part of Forest City Washington’s The Yards is moving forward: Thompson D.C., a 225-room luxury hotel, will be built at the corner of Third and Tingey streets SE.
The project will be built by private equity firm Geolo Capital of San Francisco and real estate investor JW Capital Partners of Boston. The two have a deal to sell the hotel to Frankfurt, Germany-based Union Investment once the project is complete, tentatively in 2020.
Thompson D.C. will include 4,000 square feet of meeting and event space, a rooftop bar and restaurant, ground-floor restaurant and separate lobby lounge and a fitness center. There will be 38 suites, including two presidential “Thompson suites.” Regular rooms will range in size from 300-350 square feet while suites will be anywhere from 425-800 square feet. Room rates are expected to start at $350 per night.
The lobby restaurant and rooftop bar will be run by an independent restaurant operator, though Thompson declined to identify that operator at this time.
Studios Architecture is the hotel’s architect, and Parts and Labor Design is designing the interiors. The design of the hotel, which the developers are classifying as a stylish “lifestyle” hotel, will incorporate industrial and naval elements to pull from Navy Yard’s history, as well as copper, metal, emerald and ivory tones.
Thompson Hotels is a small line of boutique hotels and resorts with locations in Chicago, Seattle, New York, Nashville, Toronto and Playa del Carmen and Cabo san Lucas in Mexico. The brand is part of Two Roads Hospitality, an Englewood, Colorado hotel management group that also owns Destination Hotels, Joie de Vivre hotels and other brands.
The hotel will sit across Third Street from Foundry Lofts apartments as well as the Boilermaker Shops — renovated industrial space that houses restaurants including Bluejacket and Nando’s Peri-Peri and retailers like Steadfast Supply and Unleashed by Petco.
Although several other hotels have opened in the rapidly changing Capitol Riverfront neighborhood, this will be the first that’s part of The Yards. It will also be the first full-service hotel in the neighborhood; nearby Courtyard by Marriott, Hampton Inn and Suites and Homewood Suites by Hilton are all limited-service hotels.