Northern Virginia Real Estate
Construction Begins on $305M Convention Hotel
Submitted by Steve on Fri, 2006-02-24 17:17.
Construction Begins on $305M Convention Hotel
By Barbra Murray
Last updated: February 21, 2006 10:14am
BALTIMORE-Construction is under way on the Hilton Baltimore, the city's highly anticipated convention center headquarters hotel. The 756-room lodging facility will be owned by the City of Baltimore--which raised $301.7 million to finance the development through the sale of revenue bonds last month--and will cost $305 million to bring to fruition.
Hensel Phelps Construction Co. is on board as the project design-builder, and the Baltimore Hotel Corp. is acting as developer of the upscale hotel on behalf of the city. The project is scheduled to reach completion in the summer of 2008.
The Hilton Baltimore is located in the bustling Inner Harbor and will be physically linked to the 1.2-million-sf Baltimore Convention Center by a sky bridge. Encompassing 883,000 sf, the 19-story tower will be designed in an L-shape by RTKL Associates and will feature 62,000 sf of meeting space--including a 25,000-sf ballroom that will be the largest ballroom in the city.
Also included in the plans are an unspecified amount of retail space, as well as a parking facility to accommodate 550 vehicles. "This project will enable us to attract the kind of large conventions that we currently cannot accommodate," says Baltimore Hotel Corp. chairman MJ Brodie.
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