PM Hotel Group, BPG and Federal Realty Open Canopy by Hilton Washington D.C., Bethesda North

USA, Washington, D.C. March 19, 2018

Canopy by Hilton, Hilton's (NYSE: HLT) lifestyle hotel brand, alongside PM Hotel Group, a leading, national hotel management company; The Buccini/Pollin Group (BPG), a privately-held, full-service real estate acquisition, development and management company; and Federal Realty (NYSE: FRT) have announced the opening of the brand's second North American property, Canopy by Hilton Washington D.C., Bethesda North. Situated within the mixed-use community of Pike & Rose, the property brings a new lifestyle hospitality offering to the energetic Washington D.C. suburb, located less than seven miles outside of the nation's capital.

The 177-room property is inspired by its surrounding neighborhood, featuring a thoughtful design throughout its variations of accommodations, including 12 suites and 34 queen-queen rooms complete with nine-foot, floor-to-ceiling windows. The interior design of Canopy by Hilton Washington D.C., Bethesda North was led by Mark Zeff, the firm that also collaborated with Hilton's team to create Canopy's interior design ethos at the inception of the brand. This will be one of the first Mark Zeff-designed locations to open with distinctive interiors that fuse authentic materials, such as rough-hewn oak wood walls, concrete floors and locally/neighborhood inspired artwork, furnishings and accessories. Guests can also expect to see design staples of the Canopy by Hilton brand including residential feeling guestrooms with a locally interpreted Canopy above the bed as well as “un-closeted” open closets to organize guests in an easy and functional way. Amenities include natural APIVITA toiletries, JBL Horizon Bluetooth alarm clock, 55-inch TVs, complimentary Wi-Fi, Nespresso machines and customized minibar offerings.

“We are thrilled to open our second North American property and third property worldwide, marking Canopy by Hilton Washington D.C., Bethesda North the first and only lifestyle hotel in the area,” said Gary Steffen, global head, Canopy by Hilton. “The North Bethesda neighborhood and Pike & Rose development epitomizes our locally-inspired brand and we're delighted to extend an energizing, comfortable stay to guests traveling to the Washington D.C. area.”

Canopy by Hilton Washington D.C., Bethesda North provides an authentically-local experience and energetic spirit where guests can enjoy complimentary breakfast with fresh local ingredients, evening local wine and craft beer tastings, and welcome treats including local Honey Sticks from Maryland's own Banner Bees upon arrival. The property will be home to The Canopy Central Cafe and Bar which will feature everything from artisanal breakfasts in the morning to small plates for dinner, all influenced by regional flavors. In the evenings, guests can unwind with the latest local beers from innovative breweries including 7 Locks Brewing in Rockville, Jailbreak Brewing in Laurel and Waredaca Brewing in Damascus. Produce will be sourced from Maryland farms located within 50 miles of the hotel. Adjacent to Canopy Central Bar and Cafe, travelers can enjoy refreshments on an idyllic outdoor rooftop terrace, Pike's Perspective Terrace, which will offer energizing craft drinks all day with ingredients such as ginger and carrots along with a pour of Washington D.C.'s Rock Creek Bourbon crafted at One Eight Distilling - the first distiller in D.C. to create Bourbon since pre-prohibition.

“North Bethesda is one of the fastest growing neighborhoods in the Washington region, so it is the perfect location for the second Canopy by Hilton in North America. Guests will come to experience the sophisticated Pike & Rose neighborhood, but stay for the intimate moments like 'Bike & Rose,' Canopy's complimentary bike service as well as the delicious, traditional french  croissants and pastries from Bethesda's Fresh Baguette.” said Dave Pollin, co-founder and President of The Buccini/Pollin Group. “We are proud to serve as a hub for entrepreneurs to grow and showcase their businesses, while offering travelers a connected, locally authentic experience - a winning combination for our guests and purveyors alike. This is an example of the seismic shift in how hotel brands are elevating the travel experience to enable local discovery both within and away from the property.”

The all-inclusive Pike & Rose neighborhood boasts an array of dining with 50 restaurants, shops and entertainment venues. The pedestrian-friendly area is rapidly becoming a popular urban entertainment destination where visitors can attend a concert or comedy show at AMP by Strathmore, see a film at iPic, an upscale movie theater which features table service and plush seats, or enjoy gourmet fare while bowling at Pinstripes. In the heart of the neighborhood at 940 Rose Avenue, the hotel is accessible by pedestrian and bike-friendly walkways and will serve as a community gathering place for socialization and events.

Canopy by Hilton Washington D.C., Bethesda North also provides a prime destination for groups, meetings and special occasions with its close proximity to the Metro and Ronald Reagan National Airport (DCA). With 7,700 square feet of event space plus 1,100 square feet of pre-function space nestled into the 3rd floor, both overlooking the neighborhood, Canopy by Hilton Washington D.C., Bethesda North takes an alternative approach to business support with an emphasis on accommodating both smaller to larger groups with private and semi-private spaces - including Pike's Perspective Outdoor Terrace. The fully equipped event space has the option for complete privacy for hosting lunches, extended work sessions, cocktail parties and smaller functions all with the ability to take in the fresh air flowing from the optional opened floor-to-ceiling glass doors accessing the Terrace.

The Canopy brand was created after several years of consumer research and now guests living in or visiting Washington, D.C. area will have a second Canopy by Hilton property available to book during their travels. At Canopy, every guest will experience an energetic, Thoughtfully Local stay. This experience begins before check-in at Canopy Central, where travelers unwind in an open, welcoming  space with complimentary Wi-Fi and a nightly tasting of locally sourced brews, wine and spirits. Post check-in, guests will enjoy the efficient design of their “Just-Right Room,” providing the highest level of comfort. Guests can also tap Canopy Enthusiasts - or local experts - for their local know-how such as recommendations on the best restaurants and excursions in the neighborhood available to explore on Canopy by Hilton complimentary bikes.

For more information about Canopy by Hilton, visit canopybyhilton.com or http://press.canopybyhilton.com or on Facebook, Instagram, Pinterest or Twitter using the hashtag #PositivelyYours to explore fresh, forward thinking in travel, design and wellness.

About Canopy by Hilton

Canopy by Hilton is a place in the neighborhood to relax and recharge, offering simple guest-directed service, thoughtful local choices and surprisingly comfortable spaces. Each hotel is designed as a natural extension of its neighborhood and delivers a fresh approach to hospitality and the guest experience. Canopy by Hilton is the lifestyle hotel brand of Hilton. Experience a positive stay at Canopy by booking at www.canopybyhilton.com or through the Hilton Honors mobile app. Learn more about the brand at press.canopybyhilton.com and connect with us on Facebook, Instagram, Twitter and Pinterest.

About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company, with a portfolio of 14 world-class brands comprising nearly 5,000 properties with more than 812,000 rooms in 103 countries and territories. Hilton is dedicated to fulfilling its mission to be the world's most hospitable company by delivering exceptional experiences - every hotel, every guest, every time. The company's portfolio includes Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio - A Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton and Hilton Grand Vacations. The company also manages an award-winning customer loyalty program, Hilton Honors. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits, including a flexible payment slider that allows members to choose exactly how many Points to combine with money, an exclusive member discount that can't be found anywhere else and free standard Wi-Fi. Visit newsroom.hilton.com for more information and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram and YouTube.

About Buccini/Pollin Group

The Buccini/Pollin Group is a privately held, full-service real estate acquisition, development and management company with offices in Washington, D.C.; Wilmington, Delaware; and Philadelphia, Pennsylvania.  Since 1993, Buccini/Pollin has developed and acquired hotel, office, residential, sports & entertainment, and retail properties throughout the Mid-Atlantic and Northeast having a value in excess of $4 billion. The Buccini/Pollin Group currently has under ownership or development 30 hotels, 8 million square feet of office and retail space, 10 major residential communities, and multiple entertainment venues, including PPL Park, home of the Philadelphia Union Major League Soccer team.  Buccini/Pollin's 3,000 associates make a difference in our communities by supporting over 50 vital charities. For more information, please visit www.bpgroup.net.

About PM Hotel Group

PM Hotel Group is a top 25, award-winning hotel management company, operating full-service and select-service hotels in the Hilton, Marriott, Starwood, IHG and independent families of brands.  Celebrating its 20-year anniversary, the company's expertise covers all aspects of hotel operations, including development, technical consulting, marketing, accounting, and pre-opening services.  The company manages nearly 40 hotel and development projects, comprised of more than 9,000 rooms, throughout the United States.  Based in Washington, D.C., PM Hotel Group has participated in the development and acquisition/renovation of dozens of hotels with a market capitalization in excess of $1.5 billion.  PM Hotel Group is an approved management company for all leading hotel brands.  Additional information about the company may be found at www.pmhotelgroup.com.

About Pike & Rose, a Federal Realty neighborhood

Since its opening in 2014, the transit-oriented development has grown to 391,000 square feet, including over 40 tenants of thoughtfully merchandized retail space. The selection of restaurants (including Summer House Santa Monica, Del Frisco's Grille, &pizza and Taylor Gourmet), retailers (including REI, Sephora, H&M, L.L.Bean and Sur La Table), a state-of-the-art Porsche dealership and unique entertainment offerings (iPic Theaters, Pinstripes and AMP by Strathmore) have created a one-of-a-kind retail environment. The neighborhood is fully enhanced by the offerings of 99 luxury condominiums and penthouses uniquely positioned above Canopy by Hilton, a 177-key boutique hotel; 80,000 square feet of fully leased best-in-class office space; 765 luxury apartments; and a 17,000-square-foot rooftop farm. The project represents a total investment of approximately $500 million with additional potential for development, and is part of the Federal Realty Row properties, which include Santana Row, located in San Jose, California, and Assembly Row, located in Somerville, Massachusetts. For additional information about Pike & Rose, visit www.pikeandrose.com.

About Federal Realty

Federal Realty is a recognized leader in the ownership, operation and redevelopment of high-quality retail-based properties located primarily in major coastal markets. Founded in 1962, our mission is to deliver long-term, sustainable growth through investing in densely populated, affluent communities where retail demand exceeds supply. Federal Realty's 104 properties include over 2,900 tenants, in approximately 24 million square feet, and over 2,000 residential units. Federal Realty has paid quarterly dividends to its shareholders continuously since its founding in 1962, and has increased its dividend rate for 50 consecutive years, the longest record in the REIT industry. Federal Realty shares are traded on the NYSE under the symbol FRT. For additional information about Federal Realty and its properties, visit www.FederalRealty.com.

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