Foulger-Pratt Development is pleased to announce it has signed a letter of intent with Kimpton Hotels & Restaurants to open a new boutique hotel at Park Potomac in Potomac, MD. The hotel will break ground later this year and is scheduled for completion in early 2011.

Park Potomac is a master planned, mixed-used development which will include 450 luxury condominium units, 570,000 sq. ft. of Class "A" office space, 145,000 sq. ft. of lifestyle retail, and a 156-room Kimpton hotel with a full-service spa, two-level restaurant and bar with indoor and outdoor seating and 6,000 sq. ft. of meeting space, which includes a 3,000-sq.-ft. ballroom. The lifestyle retail space will include a Harris Teeter grocery store, white tablecloth restaurants, quick casual dining, boutique fashion shops and convenience retail.
    
"We are very pleased to be working with a developer of such renowned experience, and with such an impeccable track record of creating some of the region’s highest quality developments," says Mike Depatie, president and CEO of Kimpton Hotels & Restaurants.  "With Park Potomac, we expand our foothold in bringing urban sophistication to suburban markets. With our biggest cluster of upscale boutiques in the Washington DC Metro area, we already enjoy the solid infrastructure we need to thrive in Potomac and look forward to becoming a much-loved destination for businesses and travelers to the area."