B.F. Saul kicks off Homewood Suites project at Rosslyn's Colony House corner
Jun 1, 2016, 2:35pm EDT
Washington Business Journal
Rosslyn bid farewell to Colony House Furniture in 2011. Now, finally, the vacant 30,000-square-foot building at 1700 Lee Highway is coming down, soon to be replaced with a 10-story Homewood Suites by Hilton Hotel.
B.F. Saul Co. Hospitality Group, with representatives of Hilton Worldwide (NYSE: HLT), Donohoe Construction, Torti Gallas and Partners and Arlington County, broke ground Wednesday on the 168-key, all-suite hotel located at the corner of Lee Highway and North Quinn Street. The first step is to demolish the circa-1957 Colony House building. The furniture store sign was removed only last week.
Arlington generates roughly $2.7 billion in tourism revenue for the commonwealth, or 13 percent of all Virginia tourism dollars, said state Sen. Barbara Favola, a former Arlington County board member. B.F. Saul's confidence in this site, located several blocks outside of the Rosslyn core, is an indication of its confidence in that market.
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