
St. Regis Hotel | Washington DC
Located two blocks from the White House, St. Regis Hotel presents itself as one of the most prestigious hotels in the capital. Brickman was approached by Starwood Hotels & Resorts Worldwide to purchase the St. Regis Hotel with the additional commitment of long-term renovations and the continuation of Starwood as the hotel manager. Brickman believed the Washington, DC market was deficient of luxury hotels. The business environment of the market was undergoing a significant upswing and there was a lack of supply of 5-star hotels. Brickman sold 90% of the property in March 2008.
Property Details
- Property Type
- Hotel
- Investment Type
- Equity
- No. of Keys
- 187
- Year Built / Renovated
- 1925 / 2008
- Investment Date
- Aug-05
- Realization Date
- Mar-08
