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| Ritz Carlton Georgetown, Washington, DC |
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| Cyrus Vazifdar |
WASHINGTON, DC, Jan. 14,
2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed
the sale of the Ritz-Carlton Georgetown,
Washington, D.C., an 86-room, full-service, luxury hotel in the Georgetown
area of Washington, D.C.
HFF marketed the property
on behalf of the seller. An undisclosed
buyer purchased the hotel.
The Ritz-Carlton
Georgetown was renovated in 2014 and features 34 suites, including five luxury
suites, as part of its 86 guest rooms.
The hotel features seven
indoor and outdoor function spaces totaling 6,948 square feet, a 24-hour
fitness center, business center, boutique spa and two restaurant and bar
options, Degrees and The Living Room.
Situated in the epicenter
of Georgetown, the hotel is located at 3100 South Street NW in an iconic,
historic neighborhood in Washington, D.C. with high-end retail, trendy
restaurants and educational centers, including Georgetown University.
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| Daniel C. Peek |
The hotel is just off 31st Street and steps from both M Street and Washington Harbour, a mixed-use office, retail and residential development on the Potomac River.
The HFF investment sales team
representing the seller was led by director Cyrus Vazifdar in addition to senior managing director and head of
HFF’s hotel group Daniel C. Peek,
managing director Denny Meikleham
and director Alan Suzuki.
“Washington, D.C. is one
of the most dynamic lodging markets in the country, and the next several years
look extremely promising in the district as fundamental performance improves
and transaction volume increases,” Vazifdar said.
“With such a dearth of properties
in Georgetown, it’s rare an opportunity arises to gain entrance into the
market, particularly the caliber of the Ritz-Carlton.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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