Republic’s Hotel Plan Chosen for College Park

January 23, 2017
by admin

Prince George’s NEWSLETTER
The County’s Pick

The team of Republic Properties and Pyramid Group has been selected to negotiate the development rights to a county-owned parcel in College Park.

Intending to build a hotel of approximately 150 rooms on the 2.6 acre tract, the developers have signed a letter of intent with the county and are now beginning negotiations on the details. If the negotiations conclude successfully, Republic will step into a development corridor that is proving the county’s most active. At the Metro station, Gilbane Development is expected to turn a five-acre WMATA parking lot into 400-plus units above retail. Close by, at 4301 River Road, the Ronald D. Paul Companies will build another 370 units.

Republic’s neighbor up Paint Branch at Route 1 would be developer David Hillman’s The Hotel at College Park, now nearing completion, and Hillman has a second hotel in the works, that one a Cambria Suites, at Route 1 and Berwyn House Road.

The county’s property is located along Paint Branch Parkway at Cpl. Frank Scott Drive, across the street from the College Park Metro station. Republic’s winning response came on the county’s second RFP for its Paint Branch Parkway land.
Earlier, the county had teamed up with WMATA and Castle Properties to create a much larger site, but that offering elicited little interest. By going it alone, with a more targeted offering, the county got several responses.

Republic is expected to develop its hotel with an emphasis towards overnight business travel coming out of M Square Research Park, where developer Corporate Office Properties Trust (COPT) is close to a ground-breaking on a 75,000 foot spec office building. M Square co-developer University of Maryland has been pushing for more hotel rooms locally.

[Note:  The Prince George’s Newsletter failed to identify all members of the team in its article of January 23rd. The team is comprised of Republic Properties, Pyramid Hotel Group and Mark Vogel Companies.]