Kalyan Hospitality, a Virginia-based hotel ownership and management group, has announced the acquisition of the SpringHill Suites by Marriott Gaithersburg– located at 9715 Washingtonian Blvd in Gaithersburg. Maryland Newsletters reports the sale was for $6.5 million.
The former Sodexo headquarters in Gaithersburg has been successfully rebranded as “Waterfront at Washingtonian” and is now 85% leased, thanks to a significant new anchor tenant and recent comprehensive upgrades.
Kisco Senior Living has announced the addition of The Preston of Rockville, a senior living community in Rockville, MD, to its portfolio as of June 23, 2025. Formerly The Seneca Rockville, the community was previously owned by Silverstone Senior Living and has now been acquired by Kisco for $44 million, according to Biz Journals.
Three Brothers Italian Restaurants, a staple of Maryland’s dining scene for over half a century, has been sold, according to The Restaurant Broker. The sale marks the end of an era for this beloved local chain, which once had a Rockville location at 1596-B Rockville Pike– the location that was also once home to Pizza CS.
Last year, Atlantic Union and Olney-based Sandy Spring Bank announced that they entered into a definitive merger agreement for Atlantic Union to acquire Sandy Spring in an all-stock transaction valued at approximately $1.6 billion. The acquisition was completed on April 1st and the combination of the two organizations created the largest regional bank headquartered in the lower Mid-Atlantic. Now, Atlantic Union has shared that Sandy Spring Bank will officially make the change to Atlantic Union this October.
What started as a burgeoning food truck serving up innovative halal fusion cuisine has blossomed into a full-fledged culinary phenomenon. The Flavor Hive, co-founded by social media sensation Shihan Chowdhury (known as “Chilipeppercooks“) and Amgd Gende, has captured the hearts and palates of diners across the DMV area, leading to the highly anticipated announcement of their first permanent brick-and-mortar restaurants earlier this year. Notably, Chowdhury is a local success story, having graduated from Seneca Valley High School in Germantown.
Bethesda-based Marriott International announced that after 26 years with the company, Leeny Oberg, Marriott’s Chief Financial Officer and Executive Vice President, Development, has decided to retire effective March 31, 2026. […]
The Shops at Congressional Village, a prominent shopping center in Rockville, Maryland, is once again making headlines as it becomes available for purchase. The center, which sold for $44 million at auction in 2022 after the previous owner defaulted on a 2019 mortgage, has since undergone a transformation, attracting several new businesses and restaurants.
Arctaris Impact Investors, LLC, a national impact investment firm with a 15-year track record in underserved communities, announced late last month an equity investment in a $27 million opportunity zone hotel-to-residential conversion opportunity in downtown Silver Spring, Maryland. Source of the Spring reports that it will be the former Hotel Silver Spring, located at 8727 Colesville Rd., that closed in May.
Bark Social, the dog park, bar, and coffee shop hybrid that launched its first location at Pike & Rose in North Bethesda in February 2021, announced its immediate closure as of November 2024 after expanding to a total of five locations. In a recent development, We Love Pets LLC has agreed to purchase two Bark Social venues in Canton and Columbia Maryland for $500,000.
Premier has announced the completion of its latest upscale focused service hotel renovation: the Hilton Garden Inn Bethesda (7301 Waverly St.), which underwent a $4 million renovation. Photos are available below.