Business Ins & Outs
IN: Oui: Paul Bakery and Café to Open Officially Nov. 21
Say "bonjour" to the new bakery-café near the corner of Wisconsin Avenue and M Street, as it may already be serving its famous breads, sandwiches, salads, sweets and tarts. Paul, the 120 year-old upscale authentic French bakery-café, boasts 500 stores in 25 countries -- from Japan to Qatar and now in Georgetown. Its downtown D.C. shop opened in May.
While the eatery touts its tradition and history, the U.S. side of the firm is led by Philippe Sanchez, president and CEO of PAUL USA, Inc. Sanchez is a 20-year global marketing veteran of three of the world's most recognizable brands, Starbucks, Nike and Disney, and is known as a visionary in digital imaging. He was also marketing VP for Getty Images. Prepare for a Napoleonic campaign of bakery victories across America.
"We’re very excited about the new location in a beautiful historic brick building that once was the kitchen to the historic City Tavern," Sanchez said. "Built in 1889, our new Georgetown location shares the same birthday as Paul, which was founded in 1889 in Lille, France. We’ve customized the space by adding a large and glorious window to the top floor, which will serve as the dining area, accommodating 30-40 patrons in a cozy and beautiful Parisian café ambiance."
Paul Georgetown Bakery and Café, 1078 Wisconsin Ave., N.W, (Located at the southwest corner of Wisconsin and M, between the Banana Republic and the entrance to the Georgetown Park parking garage.)
Tel: 202-524-4630 / 4631 / 4632 -- Email: email@example.com
OUT: Georgetown Inn and Hotel Monticello sold
The Georgetown Inn has sold for $34.6 million to a group of investors including former Best Western International Inc. chairman Nayan Patel, according to the Washington Business Journal. Georgetown Washington DC Inn LLC is planning a major renovation of the 1310 Wisconsin Avenue property, which traded for about $360,400 per room, Patel told the business newspaper. “We’re really excited about this property, we think it has great potential, and I would like to take the property to the next level,” he said.
The newspaper also reported that Savills Hotel Group announced the sale of the Hotel Monticello at 1075 Thomas Jefferson St., NW, for an undisclosed price to Monticello Hotel Owners LLC. with plans for “major renovations.”
The new owners of the Georgetown Inn do not plan to change the hotel's name, as Patel told the Business Journal, "because of the worldwide recognition associated with Georgetown. D.C. continues to be a strong hotel market, nationally and internationally, and really Georgetown within that market is very hard to beat.”
IN: Cafe Tu-O-Tu Adds Second Georgetown Spot
Already at the eastern edge of town near the Four Seasons at 2816 Pennsylvania Ave., N.W., Cafe Tu-O-Tu, a eatery specializing in Mediterranean salads and sandwiches, is setting up shop on the west side on the 3400 block of M Street, next to Pie Sisters. (Its name derives from D.C.'s area code, didn't you know?)
IN: Edible Arrangements Coming to Wisconsin Ave.
Edible Arrangements -- creators and deliverers of fruit and chocolate gift baskets -- will occupy the former 7-Eleven spot at 1600 Wisconsin Avenue and Q Street.
OUT: Safeway Closes its Gates
The Safeway in the Watergate office building will close Dec. 3, according to the Washington Business Journal. Safeway is focusing on closing its older stores and updating newer, larger locations.