Dupont Circle Hotel
Services Provided by Donohoe:
- Hotel Brokerage
BACKGROUND:
This 327-room luxury property located in downtown Washington, DC, was being marketed by a Los Angeles-based brokerage.
Challenge:
This asset class receives widespread attention from large prospective buyers from across the country. At the time, DCRE was representing a boutique international hospitality group looking to make its first U.S. purchase.
Result:
DCRE advised its client that they needed to offer initial terms that could not be beat if they wanted to stand out in a crowded field. The buyer made a non-contingent offer with a significant down payment that was accepted by the seller without hesitation. DCRE’s buyer closed in the shortest period possible and the property is now the company’s U.S. flagship.