The 173-bedroom hotel planned for construction across from Discovery Communications Inc. in downtown Silver Spring will be a Residence Inn, developers revealed Monday.
The developers have sealed a management agreement with Marriott International Inc. for the proposed 14-story hotel. The building at 8600 Georgia Ave., located a short walk away from the Silver Spring Metro station, is currently occupied by a gas station.
The project involves a partnership between PMG Development Group, Starr Capital and SV Hospitality, which are shooting to begin construction in December and have the hotel open by January 2020. The Residence Inn will feature a rooftop terrace and 5,000 square feet of meeting space.
The Montgomery County Planning Board in November approved a plan enabling the developers to build up to 147,440 square feet for the hotel. Timothy Eden, Starr Capital’s managing director, said the project partners need final site plan approval before they can start to build. Eden said they plan to submit the final plan in April and anticipate securing approval by August.
