Marriott AC Hotel & Residence Inn Coming to Reston Town Center
December 20, 2022
Donohoe secured $74.7M in construction financing with Artemis Real Estate Partners to build a first-of-its-kind dual-branded Marriott AC Hotel and Residence Inn at Reston Town Center. Donohoe was represented by Jamie Leachman and Chris Hew of JLL.
“We are thrilled to collaborate with Artemis to close this financing in an extremely challenging capital markets environment to bring two leading Marriott brands to Reston Town Center,” said Robert Donohoe, Donohoe’s Chief Investment Officer. “Artemis was able to provide a structure consistent with our business plan while addressing the complications associated with financing a component of a larger development.”
This new 120-key extended-stay Residence Inn and 147-key upscale boutique AC Hotel will be the premier lodging in the Reston submarket. Located within Reston Town Center’s latest expansion, the hotel site is walkable to 4.6M square feet of premier workplace and 450k square feet of retail and restaurants and adjacent to 1.1M square feet of premier workplace developed by BXP that is 90% committed. The project will enjoy a direct pedestrian entrance to the new Reston Town Center Silver Line Metro, providing easy access to Dulles Airport and the greater DC area.
“Reston Town Center is the proven premier mixed-use development in Northern Virginia. The growing residential and business population leads the region in balanced growth,” said Evan Weisman, President of Donohoe Development. “The newly opened Metro Silver Line extension to Dulles Airport will afford our guests easy access to the hotel’s doorstep.”
Designed by Cooper Carry Architects, the completed LEED Silver project will include:
- 267 guest rooms
- Modern shared lobby
- 4,000-square-foot ground-floor restaurant
- 8,000 square feet of meeting space
- Indoor pool
- Fitness facility
The project’s 34,000 square feet of street-level retail and restaurant space will be the central gathering place for local offices and residents. The upscale rooftop bar and lounge will be a unique draw with spectacular views of northern Virginia.
Donohoe Development, Donohoe Construction, Donohoe Hospitality, and Complete Building Services worked with Reston Town Center master developer, BXP, to bring this project to life. Donohoe Construction has already commenced construction at the shovel-ready site. Upon completion in late 2024, Donohoe Hospitality will operate the hotels, and Complete Building Services will provide facilities management services.