Hilton and Hyatt Sharing a New Hotel Property
T his is quite unusual: Hilton Worldwide and Hyatt Hotels Corporation are partners in sharing a new hotel property with almost 300,000 square feet and 413 rooms, which is expected to be opened sometime during the autumn of 2017 and will be built in a development known as The Wharf on the shore of the Potomac River in southwestern Washington, D.C.
According to this article posted at District Source, “With the previously announced 275-room InterContinental Hotel by Carr Hospitality, the Hyatt-Hilton proposal marks the completion of The Wharf’s Phase I hotel deals.”
The article continues: “The dual-branded venture will include both a lifestyle brand hotel (a 120,000-square-foot, 175-key Canopy by Hilton) and an extended-stay hotel (a 145,000-square-foot, 238-key Hyatt House ) with 30,000 square feet of street-level retail and restaurant space between Maine Avenue and Wharf Street. There will be two levels of underground parking.”
According to the rendering shown at the top of this article, it appears that Hilton and Hyatt will share the same property; but not necessarily the same building.
I have seen retail space shared by Dunkin Donuts and Baskin Robbins; as well as by Pizza Hut and Kentucky Fried Chicken — especially in malls and at airports — so is this joint venture by Hilton and Hyatt the start of a similar trend in the lodging industry?
Other than different brands under the same lodging company — such as Hilton Garden Inn and Homewood Suites sharing the same physical building — have you ever seen two different lodging companies share the same hotel property?
Image courtesy of The Wharf.