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