JBG Sets Renovation of L’Enfant Plaza

WASHINGTON,– As an initial step towards a planned $300 million renovation and redevelopment of LEnfant Plaza, The JBG Companies has introduced a renamed LEnfant Plaza Hotel and will shortly implement a $1 million renovation of the property. In addition, Crestline Hotels & Resorts has been named the management company for the LEnfant Plaza Hotel. Crestline Hotels & Resorts, a leading hotel management company based in McLean, VA, enjoys a reputation as a premier operator of independent hotels. The LEnfant Plaza Hotel is a significant part of the 900,000 square foot mixed-use development that was recently purchased by JBG, a Chevy Chase based development and acquisition company. In addition to the hotel, the redeveloped LEnfant Plaza will include the new 140,000 square foot Capital Childrens Museum, which will change its name to the National Childrens Museum when the new facility opens in 2006. JBG is also planning street level retail shops, offices and housing. The LEnfant Plaza complex was developed in Southwest Washington in the mid-1960s, and the LEnfant Plaza Hotel opened in 1973. The hotel enjoys a reputation among the Capitals premier hotels and conference centers and features 370 deluxe guest rooms and suites, as well as 21,000 square feet of upscale meeting space. “The revitalization of the entire LEnfant Plaza complex is a dynamic and high-profile project,” said Ken Finkelstein, Partner, The JBG Companies. “We look forward to the renewed vitality in the area that is to be enhanced by the opening of the National Childrens Museum, the new shops, contemporary residences, and offices that are planned by JBG. Our commitment is to continue in the fine tradition of excellence established by the hotel, and update amenities and service as the entire Plaza is rejuvenated,” added Finkelstein. Dave Durbin, President & CEO, Crestline Hotels & Resorts commented, “Crestline Hotels & Resorts brings expertise in projects similar to the redevelopment of LEnfant Plaza. Crestline manages the Georgia Tech Hotel & Conference Center that is at the center of a similar urban redevelopment project in downtown Atlanta. We feel this unique experience, coupled with our excellence in managing independent hotels, will create the cornerstone of success for the hotel and the entire LEnfant Plaza project,” added Durbin.