The hotel/hospitality market in Prince George’s County is expanding. Since 2016, 11 new hotels have developed in Prince George’s County including MGM National Harbor, The Hotel at the University of Maryland, and Cambria Hotel & Suites in College Park. Those few alone added over 1,500 new hotel rooms in the county.
Additionally, other new hotels are delivering in late 2019 and early through late 2020. These include the Hyatt Place at National Harbor, Homewood Suites in Largo and the Residence Inn by Marriott at Ritchie Station.
The hotel sales market in Prince George’s County continues to outperform most similar jurisdictions across the United States. It is projected to continue to thrive with over $3 billion in economic development projects over the next five years.