Hotel Brokers International Donohoe Real Estate Services announces the sale of the District Hotel located in Washington, D.C. representing Braxton Hotel & Condominium, LLC, the Seller. Charlotte Seale, Associate Director of Donohoe Hotel Brokerage Group structured the sale of the District Hotel to Cherry Blossom Hospitality, LLC, the Buyer.
The District Hotel is a historic four story hotel built in the 1920’s and well located in the Northwest quadrant of Washington, D.C. Currently, the asset is a 58 room boutique hotel with all approvals in place to expand to an eight story 92 room hotel.
Cherry Blossom Hospitality, LLC, a D.C. hotelier, will own and operate the District Hotel. Buyer plans to move forward with expansion plans some time in the near future making a significant investment in improvements. “We were very pleased to assist the owner in securing a highly capable buyer. Washington D.C. continues to be one of the most desirable markets in the country,” said Charlotte Seale.
The Donohoe Companies, founded in 1884 is one of the oldest and largest privately held full service commercial real estate companies in Washington, D.C. Donohoe Real Estate Services, Hotel Brokerage is dedicated to the hospitality industry brokering over $1 billion dollars since its inception in 1990. With its extensive database of hotel buyers and sellers, Donohoe Hotel Brokerage is able to quickly identify qualified investments for its investors.
While Donohoe’s focus is the Mid-Atlantic area, we are able to assist new buyers and sellers who emerge in other regions of the United States through the alliance we have established with Hotel Brokers International. Donohoe Hotel Brokerage is committed to providing quality service and cultivating long term relationships that build return for our clients.