D.C. City Council OKs Walter E. Washington Convention Hotel Financing

The D.C. City Council has given its final legislative approval for public financing of a new 1,167-room headquarters hotel serving to the Walter E. Washington Convention Center in Washington, D.C., the Washington Convention Center Authority (WCCA) announced last week.

The $537 million, four-star property will be one of only three Marriott Marquis hotels in the nation. Located across the street from the convention center, it's expected to open in the first quarter of 2013.

"The convention center hotel project has become a wonderful example of effective District government at work — with the unwavering support of the mayor and the tremendous effort of the council, we are poised to break ground this fall on this vital project for the District," WCCA CEO and General Manager Gregory A. O'Dell said in a statement. "Our customers have told us since the beginning that a headquarters hotel is a necessity for Washington, D.C., to be a competitive meetings and convention destination. The new hotel will allow us to not only maximize the center's economic impact but will also create jobs for District residents during construction as well as operations of the hotel."

Since opening its doors in 2003, the 2.3-million-square-foot Walter E. Washington Convention Center has generated nearly $400 million in annual economic impact. For more information, visit www.dcconvention.com.