After 82 years in service, the Hay Adams Hotel on Lafayette Square is reportedly nearly ready to add another floor to accommodate a restaurant. If plans are approved, the Hay Adams will offer what would easily be the best dining views over the White House, giving neighboring W a run for its money. The hotel already boasts an impressive view over the White House and onto the Mall from its position on the northern end of Lafayette Park.
The 145-room Hay Adams was purchased by BF Saul in 2006 for a reported $690,000 per room, and received a great PR boost when President-Elect Obama and family took up residence there in the weeks prior to inauguration.
Sources say the hotel is close to final approval for concept, which required sanctioning by the DC and federal governments, and of course the Secret Service, which will one day run all of Washington DC.
The Hay Adams was designed by Mihran Mesrobian and built in 1928 on the site of the homes of Henry Adams and John Hay, the latter a personal secretary to Abraham Lincoln and later Secretary of State.
Washington DC real estate development news