Hyatt Inks Franchise Deal For DC Mixed-Use Project

Law360, New York (November 1, 2013, 2:21 PM EDT) -- A development joint venture led by Potomac Investment Properties and CityPartners LLC announced Thursday that it had struck a franchise agreement with a Hyatt Hotels Corp. unit to flag a hotel property proposed for a major mixed-use project in Washington, D.C.

The deal will set the upscale Hyatt Place brand on a 214-room hotel that the team is developing as part of a larger redevelopment project with the city. Financial terms and other details of the deal were not disclosed. Hyatt will not be managing the...
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