A leather spa is taking a leap into the luxury industry with a $500 million expansion plan that will bring nearly 5,000 rooms to a $200 million complex in the D.C. area.
The company is aiming to double the size of its current footprint in the U.S. and Europe by 2020, but it still needs to raise $2 billion to build out a $400 million facility in Atlanta, Georgia.
The $500 billion facility, which will include 2,400 beds and a 300-room spa, is located in the District, but the company is now seeking to expand to other parts of the country.
The company expects to open its first location in New York City in 2019.
The D.I.C., a subsidiary of Japanese conglomerate Yosuga Chemical, is a leading producer of synthetic leather.
In a statement, the company said it will invest $500m in the new facility and a $50m investment to expand it.
The expansion will bring the total amount of beds to 15,000 and the total number of rooms to 3,000, according to the statement.
The facility will also provide more space for spa guests to relax, and it will allow for an expansion of the existing retail space, the statement said.
The spa has a full complement of spa services, including massage, massage therapy, skin care, wellness, diet, beauty, and hair care, the release said.