B. F. Saul Company
Encyclopedia
B. F. Saul Company is a large, private real estate firm based in Bethesda, Maryland
. Since its founding in 1892, B. F. Saul Company has been influential in local real estate affairs. In 2007, Washingtonian
awarded B. F. Saul Company, along with five other companies, the title of Great Places to Work.
on December 1, 1892 at the ripe young age of 19. Saul Company started as a mortgage bank and developer and was quite successful. Within eight years of starting the firm, B. Francis Saul founded the Home Savings Bank and soon after merged it with the American Security and Trust Company. During his time, Saul Company became B. F. Saul Company.
B. F. Saul II founded Chevy Chase Bank
, one of Washington, D.C.’s largest locally based banks, in 1969. Soon after, the Hotel Division was founded to manage the several hotels owned by the company in 1976. B. F. Saul Company sold Chevy Chase Bank to Capital One
for $520 million in cash and stock in 2009.
Today, B. F. Saul Company operates several divisions including property management, development and construction, leasing, insurance, and hotels.
, as well.
and Georgia
. In the past, this division has provided various types of management for Kansas
, Tennessee
, Texas
, Florida
, and Louisiana
.
Washington’s historic Kennedy-Warren Apartment Building
is one of the properties managed by B. F. Saul Company. This apartment building is famous for its art deco architecture and notable inhabitants. In 1989, the Kennedy-Warren Apartment Building became a District of Columbia Historic Landmark and five years later, was added to the National Register of Historic Places
.
, Hilton Hotels
, Best Western
, and InterContinental Hotels Group
(IHG). The B. F. Saul Hotel Division features full service, select service, and extended stay hotels in three areas of the United States, including:
Washington, D.C. Metropolitan Area
Boca Raton
B. F. Saul also owns and manages Washington, D.C.’s famous Hay-Adams Hotel
, a small, luxury downtown hotel that overlooks the White House
. During the summer of 2010, the Hay-Adams temporarily closed to undergo renovations. These renovations included elevator improvements and the addition of a glass-enclosed rooftop to allow for year-round events.
Bethesda, Maryland
Bethesda is a census designated place in southern Montgomery County, Maryland, United States, just northwest of Washington, D.C. It takes its name from a local church, the Bethesda Meeting House , which in turn took its name from Jerusalem's Pool of Bethesda...
. Since its founding in 1892, B. F. Saul Company has been influential in local real estate affairs. In 2007, Washingtonian
Washingtonian (magazine)
Washingtonian is a monthly magazine distributed in the Washington, DC area since 1965. The magazine describes itself as "the magazine Washington lives by." The magazine's core focuses are local feature journalism, guide book-style articles, and real estate advice.-Editorial Content:Washingtonian...
awarded B. F. Saul Company, along with five other companies, the title of Great Places to Work.
History
B. Francis Saul opened Saul Company in Washington, D.C.Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....
on December 1, 1892 at the ripe young age of 19. Saul Company started as a mortgage bank and developer and was quite successful. Within eight years of starting the firm, B. Francis Saul founded the Home Savings Bank and soon after merged it with the American Security and Trust Company. During his time, Saul Company became B. F. Saul Company.
B. F. Saul II founded Chevy Chase Bank
Chevy Chase Bank
Chevy Chase Bank, F.S.B. was the largest locally-based banking company in the Washington Metropolitan Area. It was acquired by Capital One in 2009 and rebranded as Capital One Bank in 2010. Despite its name, Chevy Chase Bank was a federally chartered thrift regulated by the Office of Thrift...
, one of Washington, D.C.’s largest locally based banks, in 1969. Soon after, the Hotel Division was founded to manage the several hotels owned by the company in 1976. B. F. Saul Company sold Chevy Chase Bank to Capital One
Capital One
Capital One Financial Corp. is a U.S.-based bank holding company specializing in credit cards, home loans, auto loans, banking and savings products...
for $520 million in cash and stock in 2009.
Today, B. F. Saul Company operates several divisions including property management, development and construction, leasing, insurance, and hotels.
Property Management
This division works to manage B. F. Saul Company’s office buildings and corporate parks. While most properties are in the Washington, D.C. area, B. F. Saul oversees several properties in Atlanta, GeorgiaAtlanta, Georgia
Atlanta is the capital and most populous city in the U.S. state of Georgia. According to the 2010 census, Atlanta's population is 420,003. Atlanta is the cultural and economic center of the Atlanta metropolitan area, which is home to 5,268,860 people and is the ninth largest metropolitan area in...
, as well.
Residential
The Residential Division currently manages, markets, and develops the Company’s property in the Washington Metropolitan AreaWashington Metropolitan Area
The Washington Metropolitan Area is the metropolitan area centered on Washington, D.C., the capital of the United States. The area includes all of the federal district and parts of the U.S...
and Georgia
Georgia (U.S. state)
Georgia is a state located in the southeastern United States. It was established in 1732, the last of the original Thirteen Colonies. The state is named after King George II of Great Britain. Georgia was the fourth state to ratify the United States Constitution, on January 2, 1788...
. In the past, this division has provided various types of management for Kansas
Kansas
Kansas is a US state located in the Midwestern United States. It is named after the Kansas River which flows through it, which in turn was named after the Kansa Native American tribe, which inhabited the area. The tribe's name is often said to mean "people of the wind" or "people of the south...
, Tennessee
Tennessee
Tennessee is a U.S. state located in the Southeastern United States. It has a population of 6,346,105, making it the nation's 17th-largest state by population, and covers , making it the 36th-largest by total land area...
, Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
, Florida
Florida
Florida is a state in the southeastern United States, located on the nation's Atlantic and Gulf coasts. It is bordered to the west by the Gulf of Mexico, to the north by Alabama and Georgia and to the east by the Atlantic Ocean. With a population of 18,801,310 as measured by the 2010 census, it...
, and Louisiana
Louisiana
Louisiana is a state located in the southern region of the United States of America. Its capital is Baton Rouge and largest city is New Orleans. Louisiana is the only state in the U.S. with political subdivisions termed parishes, which are local governments equivalent to counties...
.
Washington’s historic Kennedy-Warren Apartment Building
Kennedy-Warren Apartment Building
The Kennedy-Warren is a historic 11-story apartment house in Washington, D.C. It is located at 3131-3133 Connecticut Avenue, NW between the Cleveland Park and Woodley Park neighborhoods. The Art Deco building, which constructed from 1931, overlooks the National Zoological Park and Klingle Valley...
is one of the properties managed by B. F. Saul Company. This apartment building is famous for its art deco architecture and notable inhabitants. In 1989, the Kennedy-Warren Apartment Building became a District of Columbia Historic Landmark and five years later, was added to the National Register of Historic Places
National Register of Historic Places
The National Register of Historic Places is the United States government's official list of districts, sites, buildings, structures, and objects deemed worthy of preservation...
.
Hotel
The Hotel Division operates 19 hotels of various brands, including Marriott InternationalMarriott International
Marriott International, Inc. is a worldwide operator and franchisor of a broad portfolio of hotels and related lodging facilities. Founded by J. Willard Marriott, the company is now led by son J.W. Marriott, Jr...
, Hilton Hotels
Hilton Hotels
Hilton Hotels & Resorts is an international chain of full-service hotels and resorts founded by Conrad Hilton and now owned by Hilton Worldwide. Hilton hotels are either owned by, managed by, or franchised to independent operators by Hilton Worldwide. Hilton Hotels became the first coast-to-coast...
, Best Western
Best Western
Best Western International, Inc. is the third largest hotel chain, with over 4,195 hotels in nearly 80 countries. The chain, with its corporate headquarters in Phoenix, Arizona, operates more than 2,000 hotels in North America alone. Best Western has a marketing program involving placement of free...
, and InterContinental Hotels Group
InterContinental Hotels Group
InterContinental Hotels Group plc is a global hotels company headquartered in Denham, United Kingdom. It is the largest hotels company in the world measured by rooms , and has over 4,500 hotels across over 100 countries...
(IHG). The B. F. Saul Hotel Division features full service, select service, and extended stay hotels in three areas of the United States, including:
Washington, D.C. Metropolitan AreaWashington, D.C.Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....
- Courtyard Tysons Corner
- Crowne Plaza National Airport
- Crowne Plaza Tysons Corner
- Best Western Dulles
- Hampton Inn & Suites Dulles
- Hampton Inn Dulles Cascades
- Hampton Inn Dulles South
- Holiday Inn Dulles
- Holiday Inn Express Herndon
- Holiday Inn Gaithersburg
- Holiday Inn National Airport
- Springhill Suites Dulles
- TownePlace Suites Dulles
- TownePlace Suites Gaithersburg
Boca RatonBoca Raton, FloridaBoca Raton is a city in Palm Beach County, Florida, USA, incorporated in May 1925. In the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. However, the majority of the people under the postal address of Boca Raton, about...
and Fort Lauderdale, FloridaFort Lauderdale, FloridaFort Lauderdale is a city in the U.S. state of Florida, on the Atlantic coast. It is the county seat of Broward County. As of the 2010 census, the city had a population of 165,521. It is a principal city of the South Florida metropolitan area, which was home to 5,564,635 people at the 2010...
- Springhill Suites Boca Raton
- TownePlace Suites Boca Raton
- TownePlace Suites Fort Lauderdale
B. F. Saul also owns and manages Washington, D.C.’s famous Hay-Adams Hotel
Hay-Adams Hotel
The Hay–Adams Hotel is a luxury hotel located at 800 16th Street NW in Washington, D.C. Lafayette Square and St. John's Episcopal Church, also known as the Church of the Presidents, are located across the street...
, a small, luxury downtown hotel that overlooks the White House
White House
The White House is the official residence and principal workplace of the president of the United States. Located at 1600 Pennsylvania Avenue NW in Washington, D.C., the house was designed by Irish-born James Hoban, and built between 1792 and 1800 of white-painted Aquia sandstone in the Neoclassical...
. During the summer of 2010, the Hay-Adams temporarily closed to undergo renovations. These renovations included elevator improvements and the addition of a glass-enclosed rooftop to allow for year-round events.