Michael Neibauer of the Washington Business Journal has a great scoop on the future of the Latham Hotel property: It’s being converted to apartments. And not just typical apartments: mini-apartments.
SB-Urban, a new venture from Mike Balaban and Frank Saul III, has a contract to purchase The Latham from Texas-based Lone Star Funds, numerous sources familiar with the deal confirm … a site plan that accompanies the [letter to the Zoning Administrator] suggests there will be roughly 122, most in the 250- to 400-square-foot range. The Latham Hotel had 133 rooms.
The plans that Neibauer include make it look like the hotel rooms will simply be converted to apartments. Think about the last time you were in a hotel room; now imagine living there.
But hey, there’s a market for it.
[Continue reading Topher Mathews' post at The Georgetown Metropolitan.]
Topher Mathews blogs at The Georgetown Metropolitan . The Local Blog Network is a group of bloggers from around the D.C. region who have agreed to make regular contributions to All Opinions Are Local.