Hotel Washington

From January to June 2006, Northview Hotel Group provided due diligence, acquisition and takeover assistance, and interim management to Westbrook Real Estate Partners in their purchase of the Hotel Washington.  The 345-key Hotel is located on the corner of Pennsylvania Avenue and 15th Street in the heart of Washington DC, opposite the White House.  Despite the property’s impressive public areas, the guestrooms, MEP, and infrastructure were in need of a major renovation.  The hotel had been managed by the same owner for 65 years and was operating at a significant discount to its potential.  Northview oversaw the design and construction team brought in to evaluate the opportunities to reconfigure and upgrade the physical plant.  Northview also ran a parallel process of negotiating with select hotel companies who were interested in a joint venture for the asset.  Following our partner’s acquisition of the asset, Northview was responsible for the property’s immediate management needs, handling all aspects of the transition of ownership, and overseeing a temporary management team, which bridged the gap while the long term strategy for the asset was determined.