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| 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.
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| 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
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