Tuesday, October 3, 2017

Waterton Acquires 356-Room Hotel in Downtown Washington, DC



Waterton Madison Hotel, formerly Loews Madison, Downtown Washington, DC

WASHINGTON, DC (Oct. 3, 2017) – Waterton, a U.S. real estate investor and operator, today along with an affiliate of private equity partner Walton Street Capital, L.L.C., announced the acquisition of the 356-room hotel formerly known as the Loews Madison in downtown Washington, D.C.

Located at the intersection of M and 15th streets – just a half mile north of the White House – the property has been rebranded as The Madison, a Hilton Hotel. It will be managed by Hilton Hotels & Resorts.

Nir Liebling
Built in 1963, the hotel originally opened as the Madison Hotel at a ceremony attended by President John F. Kennedy and has since hosted every U.S. president as an honored guest. 

Over the past 15 years, the property has received more than $75 million in capital improvements, last undergoing a full renovation in 2012. As a result, guest rooms, meeting space and public areas have been completely refreshed.

“We’re excited that our first hotel investment in the D.C. market is a property with such a rich history in a prime location,” said Nir Liebling, chief investment officer of hospitality at Waterton. “There’s a tremendous opportunity here to reposition a premier destination for corporate and leisure travelers alike.”

For more information on The Madison, call (202) 862-1600

For more information on this press release, please contact:

Allen Johnson, ajohnson@taylorjohnson.com (312) 267-4513
Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528


No comments: