Saturday, October 18, 2008
The Residence Inn at National Harbor
African American-owned Integrated Capital LLC (IC) owns the Residence Inn at National Harbor. IC Founder Kenneth Fearn acquired the hotel through a partnership with Marriott. Marriott's Diversity Ownership Initiative was designed to assist with the acquisition and ownership of hotels. The Residence Inn opened for business in 2008 along with the opening of the magnificient National Harbor, located along the Potomac River in Prince George's County Maryland.
Integrated Capital, LLC is a real estate private equity group with a focus on hospitality. The principals of Integrated Capital have more than a decade of hospitality experience and have been directly involved in more than $1 billion of hospitality acquisition activity. The company is focused on acquisition, development, and operations of hotel assets.