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Thompson Hotels Is Coming to DC

Urban Marketing Group Staff

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Thompson Hotels has settled on Washington, D.C.‘s burgeoning The Yards neighborhood for its next luxury hotel project.

The international hospitality company will debut in the nation’s capital with the 225-room Thompson D.C., scheduled to open along the scenic Anacostia Riverfront in early 2020. The property, which is The Yards’ first hotel development, will be within walking distance of Nationals Park, The Yards Park, the Anacostia Riverwalk Trail and other area attractions.

San Francisco-based private equity investment group Geolo Capital and Boston-based real estate investment group JW Capital Partners are partnering on the new project, which will be acquired by Union Investment upon opening.

The hotel will feature a total of 38 suites, including a pair of expansive Thompson Suites offering stellar views of the surrounding neighborhood.

Food and beverage offerings will include a ground-level restaurant, a lobby lounge and rooftop bar boasting 360-degree views of southeast D.C. A fitness center and 4,000 square feet of flexible meeting and event space are among other notable amenities.

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Business News

How Could Initiative 77 Affect Eating Out In D.C.?

Urban Marketing Group Staff

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Partisans from all sides of the controversial ballot measure to phase out D.C.’s tipped minimum wage scrambled to respond the day after voters approved it.

The restaurant industry immediately started angling to overturn it. Business owners began figuring out how they could pay for the higher labor costs. And consumers wondered how it could affect their favorite restaurants — and their restaurant bill.

Here are some commonly asked questions about what comes next.

Am I going to pay more to dine out?

That’s possible. Initiative 77 will slowly phase out the subminimum wage that’s been standard in the city’s restaurant and bar industry for decades. Some establishments won’t be able to afford the increase in labor costs, and they may choose to pass that increase onto customers.

As Black Restaurant Group’s Jeff Black told the Washington Post, “You can’t afford to give somebody a 500 percent pay raise and not have it come from somewhere.” (The raise is closer to 350 percent, according to our calculations.)

Will tipping still be allowed?

Read all @ WAMU

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Business News

#BUYBLACK: TOP BLACK BUSINESSES YOU SHOULD SUPPORT

Urban Marketing Group Staff

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#BUYBLACK: TOP BLACK BUSINESSES YOU SHOULD SUPPORT

Keep the Black dollar in the community. Here are some poppin’ small businesses that deserve your support.

 

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Business News

Oprah’s Stake in Weight Watchers Balloons to $400 Million

Urban Marketing Group Staff

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Oprah Winfrey’s investment in Weight Watchers two and a half years ago is paying off.

The lifestyle company reported last week strong earnings and sales, as well as an increase in subscribers. The stock jumped 5 percent on Friday because of the news, CNN Money reports.

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