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370 Key Conrad Hotel Breaks Ground

Excavation work has begun on the Conrad Hotel site at City Center DC. The Hilton brand hotel is slated to open in 2018 with 370 rooms and 70,000 square feet of retail. Tiffany & Co. will likely be one of the retail stores at the hotel, which is the latest piece of the City Center DC development, already known for extravagant and pricey branded retail. Conrad will comprise half of the lot that is bound by I Street NW, 10th Street, New York Ave, and 9th Street. The entrance will be located on the New York Ave side.

Yesterday I looked for bookings on a random weekend (November 4th and 5th) at the Conrad Hotels in Miami, New York, and Chicago. Non-discounted rooms were as low as $299 per night in Miami, $329 in New York, and $395 in Chicago. I would expect DC prices to be in line with New York and Chicago.

Interesting note: Hilton was one of the bidders to convert the Old Post Office from institutional use to commercial building. It proposed a luxury hotel for that site, but lost out to another hotelier. Hilton shouldn't feel bad though. The City Center site is quite a consolation prize.