Cambria Hotel Washington DC Capitol Riverfront Opens in Southwest DC

FOR IMMEDIATE RELEASE: February 16, 2021

Contact: Kelley Darling | The Donohoe Companies, Inc.

(202) 625-4223 | [email protected] | www.donohoe.com

Cambria Hotel Washington DC Capitol Riverfront Opens in Southwest DC – Washington, DC celebrates Cambria Hotel Washington DC Capitol Riverfront’s opening within the vibrant Capitol Riverfront and Buzzard Point neighborhoods at 69 Q Street, SW. The nine-story 154-room upscale hotel joins Southwest’s newest mixed-use community, overlooking the Anacostia and Potomac rivers at a central point to Audi Field, Nationals Park, and the Yards Marina.

The project is a joint venture between Koucar Management and The Donohoe Companies, Inc.  Donohoe’s Development, Construction, Hospitality, and Facilities Management divisions contributed to bringing the project from concept to completion in a little over two years.

“Delivering the project on time despite a global pandemic is a testament to the high-quality team of designers, consultants, contractors, and government agencies that worked on the project, as well as the collaborative relationship fostered with the local community,” said Steve Colangelo, vice president at Donohoe Development. “We owe a special thanks to all our team members that had boots on the ground as the project successfully advanced despite the uncertainty that COVID-19 brought to the world over the last year.”

Amenities at the new hotel include sophisticated guest rooms with spa-style bathrooms, 24-hour room service, a state-of-the-art fitness center, RowHouse full-service restaurant with patio seating, meeting and events space overlooking the Capitol, and free pet access; Rocco, the hotel’s onsite director of furry friend relations, welcomes his friends with a unique gift basket. A hotel highlight is the 3,500 square foot rooftop terrace offering skyline views with ample seating and firepits centered around the Perch SW rooftop lounge. Locally inspired decor displays the architecture and history of the area with featured maps and prints depicting local landmarks. The design team, led by BBGM Architects and DiLeonardo (interior design), incorporated the cornice from the site’s original row house above the reception desk to weave the past, present, and future of Southwest D.C. into the hotel.

“It was critical for us to ensure that we were becoming part of the neighborhood we’re joining,” said General Manager Elif Sen. The hotel honors the legacy of Delores C. Mack, a staple in the Capitol Riverfront neighborhood and passionate in her work with The Southwest Community House, by naming the ninth-floor meeting space in her honor, noted with a special plaque hung outside the room. To reiterate the hotel’s connection to the community, the development team commissioned historians Marjorie Lightman, PhD. and William Zeisel, PhD. to create Reflections: The Southeast/Southwest Waterfront, a unique book of walking tours displayed in each guest room that tells the story of this historic part of the city that the hotel now calls home.

An official grand opening celebration at the hotel will be held later this year.

 

For more information on Cambria Hotel Capitol Riverfront Washington, DC visit https://www.donohoe.com/development/key-projects/cambria-hotel-washington-dc-capitol-riverfront/

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The Cambria Hotels brand is designed for the modern traveler, offering guests a distinct experience with simple, guilt-free indulgences allowing them to treat themselves while on the road. Properties feature compelling design inspired by the location, spacious and comfortable rooms, flexible meeting space, and local, freshly prepared food and craft beer. Cambria Hotels is rapidly expanding in major U.S. cities, with hotels open in Chicago, Los Angeles, New York, Pittsburgh, and Washington, D.C. There are over 130 Cambria properties open or in the pipeline across the United States, with more than 50 currently open.

For more information visit www.choicehotels.com/cambria.

 

Koucar Management, LLC is a privately held, Michigan-based company with a diverse portfolio of holdings and investments. Our wide spectrum of business activities includes general contracting, construction management, land development, residential, commercial and industrial construction, hotel, restaurant and property management, real estate services and equipment leasing. Koucar Management has an investment strategy that firmly focuses on expansion within existing industries, bringing new vitality to acquired businesses and laying the groundwork for new ventures.  With our recognized management strengths and ample financial resources, Koucar Management is providing growth capital and other resources to its portfolio of companies, with a collective pipeline in excess of $250 million. Our vision is clear; motivated, skilled partners & employees, significant financial strength and stability, a willingness to look beyond conventional performance measurements and an untiring commitment to our customers. Since our founding, we have viewed obstacles as opportunities, placed a premium on sweat equity and sought out affiliates and individuals who share our passion for excellence. Working together, we guarantee the best is yet to come. For more information visit www.koucar.com.

 

The Donohoe Companies, Inc. (Donohoe) is the Washington, D.C. region’s oldest full-service real estate company. It is also one of the largest – ranked by the Washington Business Journal as one of the area’s top private companies. With more than 1,300 employees in five companies, Donohoe employs its expertise to build, develop, service, manage, lease and maintain billions of dollars of real estate. Our projects include hospitals, university and government facilities, embassies, historic landmarks, hotel, retail, office and residential projects and major mixed-use developments. For more information visit www.Donohoe.com.

 

Donohoe Development is invested in revitalizing neighborhoods, creating value for investors and generating job opportunities for residents. Donohoe Development is a division of The Donohoe Companies, a full-service commercial real estate company with expertise in the Washington, DC region. Donohoe Development has experience developing billions of dollars of commercial real estate from conception through building completion and management. Portfolio property types include office, hotel, retail, industrial, residential, and embassy properties. For more information visit www.donohoe.com/development.

 

Donohoe Hospitality Services is a leading hotel management company dedicated to excellence in service while providing outstanding performance for its owners and partners.  Founded in 2005, Donohoe Hospitality Services is a division of Donohoe, an iconic real estate service company established in 1884.  Building on its founders’ 135-year history, Donohoe Hospitality Services has grown to become one of the largest independent hotel management companies in the Washington, D.C. metro area and is rapidly expanding throughout the U.S.  Donohoe Hospitality Services’ portfolio includes full service and premium select service hotels. Donohoe Hospitality Services is approved to manage Marriott, Hilton, Intercontinental Hotel Group, Hyatt, and Choice hotel brands. In addition, the Company presently has six hotels under development in the District of Columbia, Virginia, Maryland, Oregon and Nevada. Recognized as one of the top 35 management companies by total revenue, and as one of the 10 Best Places to Work by The Washington Business Journal, Donohoe Hospitality Services is a forward-looking company with a vision of success. For more information visit www.donohoe.com/hospitality.

 

BBGM is an internationally renowned architecture and interior design firm with extensive experience in the design and planning of hotels, resorts, hospitality, multi-family residential, office buildings, mixed-use complexes, master plans for development, and renovation / restoration projects. For more information visit www.bbgm.com.

 

DiLeonardo is an established international design firm known for creating beautiful and intelligent hospitality interiors for over 50 years. For more information visit www.dileonardo.com

 

Cambria Hotels Continues United States Expansion With Suburban Detroit Opening

ROCKVILLE, Md.Jan. 5, 2021 /PRNewswire/ — Cambria Hotels, an upscale brand franchised by Choice Hotels International, Inc. (NYSE: CHH), continues its rapid expansion across the country with the opening of the Cambria Hotel Detroit-Shelby Township. This marks the brand’s fifth new hotel since June, joining properties in Greenville, South CarolinaMadeira Beach, FloridaOcean City, Maryland; and Sonoma, California. The four-story, 98-room hotel is the brand’s second hotel to open in Michigan, joining the Cambria Hotel Traverse City, while the Cambria Hotel Detroit Downtown is expected to open next year.

The Cambria Hotel Detroit-Shelby Township is located at 50741 Corporate Drive in Shelby Township, Michigan. Ideally situated for business and leisure travelers, the property is nearby Cherry Creek Corporate Park; the Packard Proving Grounds Historic Site, an event venue hosting farmers markets, car shows and more; Cherry Creek Golf Course; Jimmy John’s Field, home to four independent league baseball teams; Mae Stecker Park, which includes Heritage Garden; and the General Motors Technical Center. The hotel also offers convenient access to Michigan Highway, so guests can take a short drive to downtown Detroit where they can visit several national corporate headquarters, including Ford, General Motors, Chrysler and Quicken Loans, as well as take in events when safely permitted at the TCF Convention Center, Little Caesars Arena, Comerica Park and Ford Field.

“The opening of the Cambria Hotel Detroit-Shelby Township is a tremendous example of the hard work put in by all Cambria stakeholders to increase the brand’s footprint around the U.S., even while facing a challenging travel and construction environment. As a result of these efforts, guests across the country can experience upscale local gems in even more of their favorite locations as they return to travel,” said Janis Cannon, senior vice president, upscale brands, Choice Hotels. “We appreciate the construction, management and development teams such as Koucar Management that bring these Cambria projects to life, and look forward to finishing the year strong by adding more Cambria hotels in key markets.”

The Cambria Hotel Detroit-Shelby Township features upscale amenities and approachable indulgences that appeal to modern travelers, including:

  • On-site dining, Verona by Fabio Viviani, featuring freshly made food, local craft beer on tap, wine and specialty cocktails, as well as to-go options.
  • Multi-purpose indoor and outdoor spaces for productive work or relaxation, including an indoor heated pool.
  • Locally inspired design décor, weaving together the modern grit of Detroit with a vintage flare and paying homage to famous historical cars.
  • Contemporary and sophisticated guest rooms, complete with design forward fixtures, abundant lighting and plush bedding.
  • Immersive, spa-style bathrooms with Bluetooth mirrors.
  • State-of-the-art fitness center.
  • 1,500-square feet of multi-function meeting and event space.

All Choice-branded hotels are participating in Commitment to Clean, an initiative that builds upon the strong foundation of franchisees’ long-standing dedication to cleanliness with enhanced training and best practices for deep cleaning, disinfecting and social distancing. Additionally, Cambria guests can limit their interactions with hotel staff by using the Cambria Contactless Concierge Service, a text messaging service for housekeeping requests, to-go food orders, meeting room requests and more.

The Cambria Hotel Detroit-Shelby Township was developed by Koucar Management, which is also working to build the Cambria Hotel Detroit Downtown, as well as additional Cambria hotels in Portland, Maine and Washington, D.C. There are currently over 50 Cambria hotels open across the U.S. in popular cities such as ChicagoLos AngelesNew YorkNew Orleans and Phoenix, with 80 hotels in the pipeline.

For more information on Cambria Hotels development opportunities, visit choicehotelsdevelopment.com/cambriahotels.

About Cambria Hotels®
The Cambria Hotels brand is designed for the modern traveler, offering guests a distinct experience with simple, guilt-free indulgences allowing them to treat themselves while on the road. Properties feature compelling design inspired by the location, spacious and comfortable rooms, flexible meeting space, and local, freshly prepared food and craft beer. Cambria Hotels is rapidly expanding in major U.S. cities, with hotels open in ChicagoLos AngelesNew YorkPittsburgh, and Washington, D.C. There are over 130 Cambria properties open or in the pipeline across the United States, with more than 50 currently open. To learn more, visit www.choicehotels.com/cambria.

About Choice Hotels®
Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. With more than 7,100 hotels, representing nearly 600,000 rooms, in over 40 countries and territories as of September 30, 2020, the Choice® family of hotel brands provide business and leisure travelers with a range of high-quality lodging options from limited service to full-service hotels in the upscale, midscale, extended-stay and economy segments. The award-winning Choice Privileges® loyalty program offers members benefits ranging from everyday rewards to exceptional experiences. For more information, visit www.choicehotels.com.

About Koucar Management, LLC
Koucar Management is a privately held, Michigan-based company with a diverse portfolio of holdings and investments. Our wide spectrum of business activities includes: general contracting, construction management, land development, residential, commercial and industrial construction, hotel, restaurant and property management, real estate services and equipment leasing. Koucar Management has an investment strategy that firmly focuses on expansion within existing industries, bringing new vitality to acquired businesses and laying the groundwork for new ventures.  With our recognized management strengths and ample financial resources, Koucar Management is providing growth capital and other resources to its portfolio of companies, with a collective pipeline in excess of $300 million. Our vision is clear; motivated, skilled partners & employees, significant financial strength and stability, a willingness to look beyond conventional performance measurements and an untiring commitment to our customers. Since our founding, we have viewed obstacles as opportunities, placed a premium on sweat equity and sought out affiliates and individuals who share our passion for excellence. Working together, we guarantee the best is yet to come. Visit www.koucar.com.

Forward-Looking Statement
This communication includes “forward-looking statements” about future events, including anticipated hotel openings. Such statements are subject to numerous risks and uncertainties, including construction delays, availability and cost of financing and the other “Risk Factors” described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, any of which could cause actual results to be materially different from our expectations.

Addendum
This is not an offering. No offer or sale of a franchise will be made except by a Franchise Disclosure Document first filed and registered with applicable state authorities. A copy of the Franchise Disclosure Document can be obtained through contacting Choice Hotels International at 1 Choice Hotels Circle, Suite 400, Rockville, MD 20850, [email protected].

© 2020 Choice Hotels International, Inc. All Rights Reserved

SOURCE Choice Hotels International, Inc.

Related Links

www.choicehotels.com

Review: EOTech Vudu 1-8×24 mm SFP Scope

Riflescopes capable of zooming from zero magnification to high power are extremely popular, and for good reason. They allow shooters to engage targets up close with speed and accuracy, yet when it’s time to stretch distances they can be dialed up instantly. EOTech’s 1-6X Vudu, which American Rifleman covered in 2017,  was a big success, but the company has turned things up a notch—really two—with the EOTech Vudu 1-8×24 mm SFP (second focal plane).

The EOTech Vudu 1-8x24 mm scope.

The EOTech Vudu 1-8×24 mm scope.

Scopes capable of going from zero magnification to high power, without sight-picture distortion or wild and unpredictable swings in point-of-aim/impact, are no longer groundbreaking. Not many years ago, though, cramming the physics-bending technology into a portable and affordable system was impossible. The performance of this Vudu is a sterling example of the versatility and convenience available today.

Light Transmission

First and foremost a riflescope must collect light like a magnet, then transmit it with minimal distortion to the shooter’s eye. We may refer to riflescopes as glass, but every photon entering must first pass through surface coatings, and budget mixes can sacrifice light, shift color and reduce contrast. For that reason, quality manufacturers are meticulous in selecting that mix and guard their “secret sauce” formula like Coca Cola keeps its original recipe in a safe.

Whatever EOTech put into the XC HD full multi-coating on the Vudu glass, it works. At 8X, after sunset and 200 yds. away, it was easy to identify individual leaves moving in an otherwise dark section of forest. Contrast was sharp and the entire field of view was crystal clear in the fading light.

There’s no tint to the lenses. Some companies often add a hint of color in the coatings to enhance performance in specific lighting conditions, although the laws of physics dictate that approach reflects some light before it enters the scope. The Vudu is about versatility regardless of the time of day, so lack of pigment is smart.

A view of the uncapped elevation turret.

A view of the uncapped elevation turret.

Don’t let the high-speed looks of the 24 mm objective lens and 30 mm main body on this scope fool you. Its glass collects light as efficiently as bunnies do dust under beds. Color is true and contrast in the scope is ideal for fast target acquisition.

Reticle and Red Dot

EOTech’s REV2 reticle is has a single small red dot at the crosshair that occupies 0.5 m.o.a.—roughly 0.5”—at 8X. Bear in mind, however, it and the stadia lines are located in the second focal plane. They stay the same size when looking through the scope even when magnification decreases, which means a slightly wider swath of real estate is covered at the lower settings.

The reticle of the EOTech Vudu scope used in the review.

The reticle of the EOTech Vudu scope used in the review.

The lines and dot are fine enough that at 1X targets are not obscured. The red dot, which can be turned off, doesn’t exhibit that annoying habit of bleeding a crimson tint across three or four m.o.a., either. It’s laser sharp, visible even in the broad daylight and brightness adjustable.

Three rubberized pressure switches on the left side of the scope body—surrounding the CR 2032 battery compartment—activate, turn off or change the red dot’s intensity. If inadvertently left on the unit shuts down after two hours. At full power battery life is estimated at 500 hours.

Acid Test

For a riflescope to perform, it must be rock steady during firing and maintain point-of-impact and point-of-aim coincidence. The Vudu 1-8×24 mm SFP did so reliably when mounted on a 6.5 mm Creedmoor and survived a rather lengthy .22 LR family session.

Each click of the turrets—which stand only 0.7” from the main body and are protected by caps—was palpable, positive and resulted in a 0.25 m.o.a. shift downrange. The scope walked the target perfectly and came back to zero with no fuss.

The battery compartment opened on the side of the EOTech Vudu.

The battery compartment opened on the side of the EOTech Vudu.

The reticle’s stadia lines and crosshair remain visible when the red dot is off. That means your range session isn’t cut short if the battery surrenders unexpectedly. The firing line sessions made it obvious in most light conditions activating the dot was an added luxury, not a necessity.

Main Body

The riflescope’s main body is built from T6 aircraft-grade aluminum. Any problems with electronic components are covered by company service for two years, but the rest of the scope is backed by the EOTech Advantage Warrantee, which plainly states, “Should your Vudu rifle scope ever experience any defects in materials or workmanship, we will repair or replace it, as determined by EOTech, with a comparable product, free of charge (except for electronic components of an illuminated rifle scope…).”

The standard adjustment tab on the magnification adjustment ring.

The standard adjustment tab on the magnification adjustment ring.

The magnification dial has a generous speed bump for gloved use, but the optic also ships with a throw lever that can be screwed in to make changes faster and easier at the range. Whether it’s used or not is up to the owner, although there’s no doubt it will be an advantage during action sports stages or when weather forces enthusiasts to don gloves.

Weight comes in at 21.2 oz. and overall length is 10.75″. The scope is also dust and water resistant.

Overall Impressions

I do have one complaint, although it’s a minor and technical one that plagues most camera lenses—even those with price tags much higher than the Vudu’s MSRP of $1,449. A barely perceptible purple line bordered the right side of white targets when viewed at high magnification.

Chromatic aberration is the term and the odds are good your optics experience it to some degree.  It can be painfully distracting in cheap scopes. In this case it only showed up at 8X, and even then required viewing a bright white object. It was barely perceptible, took some study to detect and I’m confident no one else would notice. Well, photographers might, but I take a lot of images—the only reason I looked.

The extended throw lever on the magnification adjustment ring.

The extended throw lever on the magnification adjustment ring.

The features packed into the EOTech Vudu 1-8×24 mm SFP make it a solid choice for anyone in the market for a riflescope versatile from CQB, close- to medium-long range. Image transmission is crystal clear and field-of-view isn’t unnecessarily compromised by clunky dots or cumbersome reticles. The Vudu has all the features you need, and wisely shuns a lot of the gaudy and performance-compromising gimmicks no one could ever use.

Specs

Manufacturer: EOTech
Model: Vudu 1-8×24 mm SFP
Main Tube: 30 mm
Objective Lens: 24 mm
Reticle: Fiber Optic Reticle REV2
Field of View at 100 yds.: 13.2 ft. at 8x, 105.8 ft. at 1x
Eye Relief: 2.95” to 4.02” at 1x, 3.19” to 3.86” at 8x
Overall Length: 10.75”
Weight: 21.2 oz. (with battery and throw lever)
Power Source: One CR 2032 Battery
Accessories: Scope and Reticle Manuals, Lens Covers, Battery, Removable Throw Lever, Lens Cloth
MSRP: $1,449

 

Read the original article here.

The “A-Team” Is Back

Ann Arbor, Michigan – August 3, 2020 Effective today, EOTECH, manufacturer of the original Holographic Weapon Sight, officially separated from L3Harris, and will once again be an agile, independent business that is focused on high tech products and superior service. As part of this strategic new business model Elite Defense®, the powerhouse international distribution company, and HEL TechnologiesTM, developer of cutting-edge optical science, will also fall under the EOTECH umbrella.

To deliver on the promise of this new beginning, EOTECH has reassembled the critical team members that initially built the brand and were critical to EOTECH’s remarkable growth and success. “It was imperative to establish an “A-Team” to grow and restore the EOTECH brand and we were able to fill this team with highly successful industry veterans whose track records speak for themselves”. Said Matt Van Haaren, Chief Executive Officer. “I love it when a plan comes together.”

Some of the new A-Team members include:

 

Matt “Hannibal” Van Haaren – Chief Executive Officer

Currently Matt is responsible for executive management of Elite Defense, HEL Technologies and I2G Systems and has spent over 20 years in the national security sector. Those black leather gloves get in the way when he’s lighting his cigar, but Matt leaves them on to keep up appearances.

 

Dean “BA Baracus” Loebig – Chief Technical Officer

Dean joins the team with more than 20 years of experience developing and managing technology, project execution, marketing and product distribution for various cutting-edge brands including L-3 EOTECH and most recently Elite Defense and HEL Technologies. Dean pities the fool who tries to out-tech him.

 

Dennis “Howling Mad Murdock” Finnegan – President, International Business

Dennis is a US Army veteran and is a founding member of HEL Technologies and President of Elite Defense. Previously, Dennis managed international sales for L-3 EOTECH and brings 15 years experience in holographic technology markets. Dennis is “on permanent vacation” from the veterans hospital so that he can bring EOTech back to the international market.

 

Ed “Face” Schoppman – President, North American Business

Ed is a US Army veteran and has 20 years in the outdoor industry. Ed’s previous background as VP of Marketing, Sales, and Customer Service at L-3 EOTECH will prove invaluable in taking EOTECH to the next level. Mirrors have been installed throughout the facility so that Ed can check his hair on an ongoing basis.

 

John “General” Bailey – VP of Marketing

With over 15 of John’s 17 years in the outdoor industry spent at L-3 EOTECH with roles in sales, marketing and product development, John’s background and experience will be a major asset as he leads the marketing and product teams. John loves the smell of holography in the morning.

 

Lisa “Triple A” Kemp – Director of Branding and Marketing

Lisa brings 20 years of outdoor industry experience working at Freedom Group managing brands such as Remington, Marlin, Bushmaster and DPMS and more recently L-3 EOTECH as Marketing Communication- Brand Manager. Lisa denies that she blackmailed the team into letting her tag along, emphasizing that she’s forgotten more about marketing then the rest of the team knows put together.

 

Frank “Ashley” Moss – Business Development Manager – Asia and Americas

Frank is a Marine Corps Veteran, and has over 20 years of industry experience, including a highly successful track record in Government, Law Enforcement and Commercial sales within the US and overseas. He demonstrates an extensive knowledge in weapons systems and associated weapon accessories, when he is not narrating old, over-the- top TV shows.

 

Andy “Dishpan” Gann – Business Development Manager – Europe, Middle East, Africa

Andy has over 20 years of very successful industry experience, including executing sales growth plans through one of EOTECH’s largest European dealers. He has been with Elite Defense since 2016 and brings significant product and market expertise. Andy has a “side hustle” as a special effects expert, which is handy in getting the team out of trouble when they travel together.

 

Jon “Decker” Meyer – Business Development Manager – Government

Jon is a Marine Corps veteran, and has over 11 years working in the industry, with extensive experience developing products for US & Allied Governments. He has delivered numerous products currently in service with US Special Operations Forces. He refuses to update his uniform to something from this century.

 

Stay tuned as the new EOTECH disrupts the optics industry! We have big plans and will be delivering cool new products and great customer solutions in the near future.

www.EOTECHinc.com

L3Harris Technologies Completes Sale of EOTech to American Holoptics

MELBOURNE, Fla.–(BUSINESS WIRE)–L3Harris Technologies (NYSE:LHX) today completed the previously announced sale of its EOTech business to American Holoptics, an affiliate of Koucar Management.

With annual revenue of approximately $60 million, L3Harris’ EOTech business manufactures holographic sighting systems, magnified field optics and accessories for military, law enforcement and commercial markets around the world.

About L3Harris Technologies

L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. L3Harris has approximately $18 billion in annual revenue and 48,000 employees, with customers in more than 100 countries. L3Harris.com.

Contacts

Rajeev Lalwani
Investor Relations
[email protected]
321-727-9383

Jim Burke
Media Relations
[email protected]
321-727-9131

Yahoo Finance – L3Harris Technologies Signs Definitive Agreement to Sell EOTech to an Affiliate of Koucar Management

L3Harris Technologies (NYSE:LHX) today announced the signing of a definitive agreement under which American Holoptics, an affiliate of Koucar Management, will acquire the EOTech business.

With annual revenues of approximately $60 million, EOTech manufactures holographic sighting systems, magnified field optics and accessories for military, law enforcement and commercial markets around the world. EOTechInc.com.

The transaction is expected to close in mid-2020 and is conditioned on customary closing conditions.

About L3Harris Technologies

L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. L3Harris has approximately $18 billion in annual revenue and 50,000 employees, with customers in 130 countries. L3Harris.com.

About American Holoptics

American Holoptics LLC is a privately held U.S. company. The company is a subsidiary of Koucar Management, whose strategic acquisitions of Elite Defense and HEL Technologies represent a solid foundation of cutting-edge optical science and weapons systems distribution. The American Holoptics leadership team has exceptionally broad and deep experience providing high-quality products to the global weapons accessory market. In addition, this team has a proven track record of building customer-first and technology-focused organizations.

Forward-Looking Statements

This press release contains forward-looking statements that reflect management’s current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements in this press release include but are not limited to the anticipated timing of the closing of the transaction. The company cautions investors that any forward-looking statements are subject to risks and uncertainties (many of which are difficult to predict and generally beyond the company’s control) that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. The following factors, among others, could cause actual results to differ materially from the forward-looking statements or historical performance: delays in, or failures in respect of, anticipated satisfaction of closing conditions or the ability to satisfy closing conditions in a timely manner or at all. The forward-looking statements speak only as of the date of this press release, and the company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200324005409/en/

Contacts

Rajeev Lalwani
Investor Relations
[email protected]
321-727-9383

Jim Burke
Media Relations
[email protected]
321-727-9131

PACE Equity Funds New Detroit Cambria Hotel, the First New Construction and Largest PACE Project in Michigan

PACE Equity funded $7 million in capital for a 154-room Cambria hotel in downtown Detroit, a new construction and partial redevelopment project that transforms an underutilized building and contributes to the connectivity on the west side of Downtown Detroit’s Central Business District. The project is notably the first Cambria hotel to enter the Detroit market, the first new construction PACE project in Michigan and the largest PACE project in the state of Michigan to date.

Beyond contributing low-cost capital that replaces more expensive funding such as short-term loans or mezzanine, and outside or joint venture equity, PACE Equity acted as a one-stop shop making the experience user-friendly for all parties and provided additional value by managing the entire life cycle of the funding process.

Read the article here.

Cambria Washington D.C. Capitol Riverfront

Fifth Cambria Hotel In Washington, DC, Metro Area Breaks Ground

Choice Hotels International, Inc. (NYSE: CHH), Donohoe Development Company and Koucar Management announce the official start of construction on the Cambria Hotel Washington D.C. Capitol Riverfront. The new-construction, nine-story, 154-room upscale hotel, which is expected to open in early 2021, will become the Cambria brand’s fifth location in the Washington, D.C., metro area. Eight Cambria locations have already opened their doors this year — together representing over 1,100 upscale rooms. Up to four additional Cambria hotels are expected to open in top-tier markets across the country by year-end.

The milestone was marked at an event attended by local dignitaries and area business leaders. Featured speakers included:

  • D.C. Councilman Charles Allen
    – Pat Pacious, president and CEO, Choice Hotels International
    – Evan Weisman, executive vice president, Donohoe Development Company
    – Fredrica Kramer, co-chair, Near Southeast/Southwest Community Benefits Coordinating Council
    – Thomas Penny, III, president, Donohoe Hospitality Services

Planned at 69 Q St. SW, the Cambria Washington D.C. Capitol Riverfront will be situated in a rapidly redeveloping area of the city within walking distance to Nationals Park and the new Audi Field soccer stadium. The future hotel will be within three miles of the U.S. Capitol, the National Mall, Smithsonian museums and other major attractions, as well as the popular mixed-use development Yards Park. The Cambria hotel will be a short walk from the Navy Yard Metro Station, which will connect guests to destinations in Washington, D.C., Maryland and Northern Virginia, including Ronald Reagan Washington National Airport.

The Cambria Washington D.C. Capitol Riverfront will feature brand hallmarks tailored to the needs of modern travelers, including:

  • Locally inspired design: following a local resident’s suggestion, the cornice from the site’s original row house will be salvaged and installed above the reception desk to honor the past, present and future of Southwest D.C.
    – A ground level restaurant and scenic rooftop lounge with a 3,500-square-foot terrace
    – Contemporary and sophisticated guestrooms, complete with modern fixtures, abundant lighting, and plush bedding
    – Immersive, spa-style bathrooms with Bluetooth mirrors
    – Onsite dining with a menu featuring freshly prepared food, local craft beer on tap, wine, and specialty cocktails
    – 2,500 square feet of multi-function meeting space
    – State-of-the-art fitness center

The Cambria Hotel Washington D.C. Capitol Riverfront is the newest project of well-known D.C. developer Donohoe Development with co-developer Koucar Management. The hotel is one of four Cambria hotels under development by Koucar Management, one of the largest private real estate developers in the Midwest. Koucar Management celebrated the start of construction on Maine’s first Cambria hotel less than six weeks ago and also has Cambria Hotels under construction in Detroit and Shelby Township, Michigan. BBGM Architects — an internationally renowned architecture and interior design firm — is the architect for the Cambria Hotel Washington D.C. Capitol Riverfront. Donohoe Hospitality Services, one of the largest independent managers of premium and select-service hotels in the Washington, D.C. metro area, will manage the new hotel. The Cambria Hotel Washington D.C. Capitol Riverfront will be the second Cambria Hotel in the Donohoe Hospitality portfolio.

There are currently more than 45 Cambria hotels open across the U.S. in popular cities, such as Chicago; Dallas; Los Angeles; Nashville, Tennessee; New York; New Orleans; and Phoenix. The brand is on pace to break its openings record for the second-straight year and is fast approaching 50 open Cambria hotels, including a soon-to-open property in Anaheim, California.

For more information on Choice Hotels development opportunities, visit choicehotelsdevelopment.com.

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Fifth Cambria Hotel In Washington, DC, Metro Area Breaks Ground

Choice Hotels’ Upscale Brand Continues Rapid Growth in Top-Tier Markets

ROCKVILLE, Md.Oct. 7, 2019 /PRNewswire/ — Choice Hotels International, Inc. (NYSE: CHH), Donohoe Development Company and Koucar Management announce the official start of construction on the Cambria Hotel Washington D.C. Capitol Riverfront. The new-construction, nine-story, 154-room upscale hotel, which is expected to open in early 2021, will become the Cambria brand’s fifth location in the Washington, D.C., metro area. Eight Cambria locations have already opened their doors this year — together representing over 1,100 upscale rooms. Up to four additional Cambria hotels are expected to open in top-tier markets across the country by year-end.

The milestone was marked at an event attended by local dignitaries and area business leaders. Featured speakers included:

–       D.C. Councilman Charles Allen
–       Pat Pacious, president and CEO, Choice Hotels International
–       Evan Weisman, executive vice president, Donohoe Development Company
–       Fredrica Kramer, co-chair, Near Southeast/Southwest Community Benefits Coordinating Council
–       Thomas Penny, III, president, Donohoe Hospitality Services

“The D.C. area has been home to Choice Hotels’ corporate office for decades — so we’re especially excited when a Cambria hotel breaks ground in our own backyard,” said Janis Cannon, senior vice president, upscale brands, Choice Hotels. “The Cambria Washington D.C. Capitol Riverfront is perfectly positioned in one of the city’s most exciting neighborhoods, just blocks from bustling development projects that are sure to appeal to business and leisure guests alike. We are pleased the hotel will join four Cambria hotels already in the ‘DMV,’ including College ParkRockvilleWashington, D.C., Convention Center; and Arundel Mills-BWI.”

Planned at 69 Q St. SW, the Cambria Washington D.C. Capitol Riverfront will be situated in a rapidly redeveloping area of the city within walking distance to Nationals Park and the new Audi Field soccer stadium. The future hotel will be within three miles of the U.S. Capitol, the National Mall, Smithsonian museums and other major attractions, as well as the popular mixed-use development Yards Park. The Cambria hotel will be a short walk from the Navy Yard Metro Station, which will connect guests to destinations in Washington, D.C.Maryland and Northern Virginia, including Ronald Reagan Washington National Airport.

The Cambria Washington D.C. Capitol Riverfront will feature brand hallmarks tailored to the needs of modern travelers, including:

–       Locally inspired design: following a local resident’s suggestion, the cornice from the site’s original row house will be salvaged and installed above the reception desk to honor the past, present and future of Southwest D.C.
–       A ground level restaurant and scenic rooftop lounge with a 3,500-square-foot terrace
–       Contemporary and sophisticated guestrooms, complete with modern fixtures, abundant lighting, and plush bedding
–       Immersive, spa-style bathrooms with Bluetooth mirrors
–       Onsite dining with a menu featuring freshly prepared food, local craft beer on tap, wine, and specialty cocktails
–       2,500 square feet of multi-function meeting space
–       State-of-the-art fitness center

The Cambria Hotel Washington D.C. Capitol Riverfront is the newest project of well-known D.C. developer Donohoe Development with co-developer Koucar Management. The hotel is one of four Cambria hotels under development by Koucar Management, one of the largest private real estate developers in the Midwest. Koucar Management celebrated the start of construction on Maine’s first Cambria hotel less than six weeks ago and also has Cambria Hotels under construction in Detroit and Shelby Township, MichiganBBGM Architects — an internationally renowned architecture and interior design firm — is the architect for the Cambria Hotel Washington D.C. Capitol Riverfront. Donohoe Hospitality Services, one of the largest independent managers of premium and select-service hotels in the Washington, D.C. metro area, will manage the new hotel. The Cambria Hotel Washington D.C. Capitol Riverfront will be the second Cambria Hotel in the Donohoe Hospitality portfolio.

There are currently more than 45 Cambria hotels open across the U.S. in popular cities, such as ChicagoDallasLos AngelesNashville, TennesseeNew YorkNew Orleans; and Phoenix. The brand is on pace to break its openings record for the second-straight year and is fast approaching 50 open Cambria hotels, including a soon-to-open property in Anaheim, California.

For more information on Choice Hotels development opportunities, visit choicehotelsdevelopment.com.

About Cambria Hotels
The Cambria® Hotels brand is designed for the modern traveler, offering guests a distinct experience with simple, guilt-free indulgences allowing them to treat themselves while on the road. Properties feature compelling design inspired by the location, spacious and comfortable rooms, flexible meeting space, and local, freshly prepared food and craft beer. Cambria Hotels is rapidly expanding in major U.S. cities, with hotels open in ChicagoNew York CityPittsburghWashington, D.C., and Los Angeles. There are more than 40 Cambria properties open across the United States, and over 100 hotels open or in the pipeline in the U.S. and Canada. To learn more, visit www.choicehotels.com/cambria.

About Choice Hotels 
Choice Hotels International, Inc. (NYSE: CHH) is one of the largest and most successful lodging franchisors in the world. With more than 7,000 hotels, representing nearly 570,000 rooms, in over 40 countries and territories as of June 30, 2019, the Choice® family of hotel brands provides business and leisure travelers with a range of high-quality lodging options from limited service to full-service hotels in the upscale, midscale, extended-stay and economy segments. The award-winning Choice Privileges® loyalty program offers members benefits ranging from everyday rewards to exceptional experiences. For more information, visit www.choicehotels.com.

About Donohoe Development Company
Donohoe Development is invested in revitalizing neighborhoods, creating value for investors and generating job opportunities for local residents. Donohoe Development is a division of The Donohoe Companies, a full-service commercial real estate company with expertise in the Washington, DC region. Donohoe Development has experience developing billions of dollars of commercial real estate from conception through building completion and management. Portfolio property types include office, hotel, retail, industrial, residential, and embassy properties. For more information visit www.donohoe.com/development.

About Donohoe Hospitality Services
Donohoe Hospitality Services is a leading hotel management company dedicated to excellence in service while providing outstanding performance for its owners and partners.  Founded in 2005, Donohoe Hospitality Services is a division of Donohoe, an iconic real estate service company established in 1884.  Building on its founders’ 135-year history, Donohoe Hospitality Services has grown to become one of the largest independent hotel management companies in the Washington, D.C. metro area and is rapidly expanding throughout the U.S.  Donohoe Hospitality Services’ portfolio includes full service and premium select service hotels. Donohoe Hospitality Services is approved to manage Marriott, Hilton, Intercontinental Hotel Group, Hyatt, and Choice hotel brands. In addition, the Company presently has six hotels under development in the District of Columbia, Virginia, MarylandOregon and Nevada. Recognized as one of the top 35 management companies by total revenue, and as one of the 10 Best Places to Work by The Washington Business Journal, Donohoe Hospitality Services is a forward-looking company with a vision of success. For more information visit: www.donohoe.com/hospitality.

About Koucar Management
Koucar Management, LLC is a privately held, Michigan-based company with a diverse portfolio of holdings and investments. Our wide spectrum of business activities includes: general contracting, construction management, land development, residential, commercial and industrial construction, hotel, restaurant and property management, real estate services and equipment leasing. Koucar Management has an investment strategy that firmly focuses on expansion within existing industries, bringing new vitality to acquired businesses and laying the groundwork for new ventures.  With our recognized management strengths and ample financial resources, Koucar Management is providing growth capital and other resources to its portfolio of companies, with a collective pipeline in excess of $250 million. Our vision is clear; motivated, skilled partners & employees, significant financial strength and stability, a willingness to look beyond conventional performance measurements and an untiring commitment to our customers. Since our founding, we have viewed obstacles as opportunities, placed a premium on sweat equity and sought out affiliates and individuals who share our passion for excellence. Working together, we guarantee the best is yet to come. Visit www.koucar.com.

About BBGM
BBGM is an internationally renowned architecture and interior design firm with extensive experience in the design and planning of hotels, resorts, hospitality, multi-family residential, office buildings, mixed-use complexes, master plans for development, and renovation / restoration projects. To learn more, please visit www.bbgm.com.

Forward-Looking Statement
This communication includes “forward-looking statements” about future events, including anticipated development and hotel openings.  Such statements are subject to numerous risks and uncertainties, including construction delays, availability and cost of financing and the other “Risk Factors” described in our Annual Report on Form 10-K, any of which could cause actual results to be materially different from our expectations.

Addendum
This is not an offering. No offer or sale of a franchise will be made except by a Franchise Disclosure Document first filed and registered with applicable state authorities. A copy of the Franchise Disclosure Document can be obtained through contacting Choice Hotels International at 1 Choice Hotels Circle, Suite 400, Rockville, MD 20850, [email protected].

© 2019 Choice Hotels International, Inc. All Rights Reserved.

SOURCE Choice Hotels International, Inc.

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