RobertDouglas Advises Geolo Capital and JW Capital Partners on the $120,000,000 Sale of the Thompson Washington, D.C.

USA, New York, New York. January 28, 2020

RobertDouglas announced today that it advised a joint-venture between Geolo Capital and JW Capital Partners in arranging the forward-sale of the Thompson Washington, D.C. to Union Investment, a German institutional fund manager, for $120,000,000.

"The opportunity to participate in the development of the Thompson Washington, D.C. attracted a wide range of investment options. Ultimately, Union Investment offered the most attractive structure though a sale-leaseback," commented Evan Hurd, Principal and Managing Director. "Although the sale-leaseback model is commonplace in most European markets, it is still relatively unique in North America. We expect it to continue to gain traction by offering an attractive option for developers."

The 225-room Thompson Washington, D.C. is Washington D.C.'s newest luxury hotel and is located in the heart of the Yards, a 42-acre waterfront development at the center of Capitol Riverfront's Navy Yard neighborhood. One of the city's most exciting and dynamic submarkets, Capitol Riverfront is home to the Nationals Park professional baseball stadium and features 6.2 million square feet of office space, 10,000 residential units, and nearly one million square feet of retail. The Thompson Washington, D.C. is designed to be a social anchor for the neighborhood, joining dozens of specialty retailers, restaurants, high-end residences, and cultural attractions.

"Washington, D.C. is one of the most sought-after lodging investment markets in the country, driven by market-wide RevPAR rankings among the highest in the nation and a long-term track record of consistent growth. The combined strength of the exceptional sponsorship team and the burgeoning Navy Yard submarket resulted in a high degree of interest from a diverse group of well-qualified investors," said Doug Hercher, Principal and Managing Director.


Thompson Washington, DC luxury hotel
/ SLIDES

About RobertDouglas

Media Contact:

Paul Kesman
Principal
PDK PR
T: 248-321-2035
E: pkesman@pdkpr.com
W: http://www.robert-douglas.com

Subscribe to our newsletter
for more Hotel Newswire articles

Related News

Choose a Social Network!

The social network you are looking for is not available.

Close
Coming up in May 2020...

Eco-Friendly Practices: Creative Innovation

Being eco-friendly is no longer a fad. It is an urgent planetary need and hotels are actively doing their part to reduce their carbon footprint by implementing sustainable, green practices. In addition to the goodwill derived from doing the right thing, hotels are also realizing the benefits to their business. A large percentage of Millennials expect hotels to be eco-friendly and will only patronize those properties that are proudly conforming. Consequently, more hotels are realizing that sustainability is a key element in a successful branding strategy. In addition, going green can lead to a more profitable bottom line, as savings on electricity, water and cleaning materials can add up. Also, there are other advantages that come with being an eco-friendly business, such as government subsidies and tax and loan incentives. As a result, many hotels are finding innovative ways to integrate eco-friendly practices into their business. Geo-thermal energy systems, along with energy-from-waste systems, are being used to heat and cool the property. Passive solar panels, green roofs, natural lighting and natural ventilation strategies also assist in energy conservation. Low-flow water systems and plumbing fixtures make a contribution, as does eco-friendly hardwood flooring, and energy efficient televisions and appliances throughout the property. In addition, some hotels have implemented in-room recycling programs, and only provide all-natural, personal care items. One hotel has actually constructed a bee-keeping operation on their grounds. Not only is this good for the bees but the hotel also produces products from the operation which they sell. This kind of creative innovation also holds enormous appeal to guests. The May issue of the Hotel Business Review will document what some hotels are doing to integrate sustainable practices into their operations and how they are benefiting from them.