From a press release:
“A 247-room Holiday Inn Express hotel will break ground this month in Washington, DC’s Mount Vernon Triangle neighborhood. Birchington LLC, owned by Habte Sequar, closed on a construction loan from Atlanta-based Stonehill Strategic Capital to commence construction on the $93 million project.
Projected to open in the fourth quarter of 2020, the 14-story hotel will be located at 317 K Street, NW on the northeast corner of 4th and K. (more…)
Photo by PoPville flickr user angela n.
“Airbnb, the world’s leading community driven hospitality company, announced today that its Washington, D.C. host community earned a total of approximately $96 million in supplemental income while welcoming approximately 517,500 guest arrivals to the nation’s capital in 2018.
This comes as D.C. residents increasingly embrace the home sharing platform as an opportunity to earn supplemental income and make ends meet. There are now over 6,300 hosts citywide who share their home via Airbnb, typically earning about $10,000 annually in supplemental income. (more…)