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 west coast brokerage based in Los Angeles.

Challenge:

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.

Result:

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.

 

Meet the Team