{"id":1004209058,"date":"2018-03-05T10:54:18","date_gmt":"2018-03-05T18:54:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004209058"},"modified":"2022-12-08T16:05:06","modified_gmt":"2022-12-09T00:05:06","slug":"jv-buys-199-key-hotel-in-downtown-dc","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/","title":{"rendered":"JV Buys 199-Key Hotel in Downtown DC"},"content":{"rendered":"<p>By Beata Lorincz<\/p>\n<div id=\"attachment_1004209060\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Beacon-Hotel-in-Washington-D.C..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004209060\" data-attachment-id=\"1004209060\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/beacon-hotel-in-washington-d-c\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Beacon-Hotel-in-Washington-D.C.-e1520251301617.jpg\" data-orig-size=\"896,673\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Beata Lorincz&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1520253159&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Beacon Hotel in Washington, D.C.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Beacon Hotel in Washington, D.C.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Beacon-Hotel-in-Washington-D.C.-e1520251301617.jpg?w=896\" class=\"wp-image-1004209060 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Beacon-Hotel-in-Washington-D.C.-e1520251301617.jpg\" alt=\"Beacon Hotel in Washington, D.C.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Beacon-Hotel-in-Washington-D.C.-e1520251301617.jpg 896w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Beacon-Hotel-in-Washington-D.C.-e1520251301617.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Beacon-Hotel-in-Washington-D.C.-e1520251301617.jpg?resize=768,577 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004209060\" class=\"wp-caption-text\">Beacon Hotel in Washington, D.C.<\/p><\/div>\n<p>A joint venture of Rockpoint Fund V Acquisitions and Three Wall Capital has acquired the Beacon Hotel and Corporate Quarters in central Washington, D.C. The\u00a0transaction is the last\u00a0deal of a three-asset, 550-key hospitality portfolio sale, preceded by the disposition of the St. Gregory and St. James hotels. Savills Studley\u2019s Capital Markets Group brokered all three deals on behalf of the seller.<\/p>\n<p>The hotel is located at 1615 Rhode Island Ave. N.W. in downtown D.C. The property offers proximity to numerous monuments and a variety of institutions, such as the George Washington University, <a href=\"https:\/\/www.commercialsearch.com\/news\/tcc-meadow-partners-to-redevelop-building-near-the-white-house\/\">The White House<\/a>\u00a0and\u00a0the Kennedy Center for the Performing Arts. The site is also within walking distance of the DuPont Circle and the historic neighborhood of Georgetown.<\/p>\n<p>The 199-key asset, providing a mix of studios, guestrooms and suites, includes a business center, fitness center and restaurant. The new owner has plans to upgrade the private rooms, restaurant and common amenities.<\/p>\n<p>Savills Studley\u2019s team included Executive Managing Director Marc Magazine and Corporate Managing Director Tom Baker.<\/p>\n<p><em>\u201cThe sales of the Beacon, St. Gregory and St. James properties show the strength of the Washington, D.C. market and the variety of purchasers interested in investing in this region,\u201d<\/em> said Magazine, in prepared remarks.<\/p>\n<p><em>Image courtesy of Savills\u00a0Studley<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Beacon Hotel and Corporate Quarters has traded in a deal facilitated by Savills Studley. The new owners plan to carry out extensive on-site renovations.<\/p>\n","protected":false},"author":739,"featured_media":1004508655,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,21783,11,21742,1615],"tags":[35212,32775,39238],"class_list":["post-1004209058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-investment","category-midatlantic","category-latest","category-washington-dc","tag-rockpoint-group","tag-savills-studley","tag-tom-baker"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>JV Buys 199-Key Hotel in Downtown DC - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JV Buys 199-Key Hotel in Downtown DC\" \/>\n<meta property=\"og:description\" content=\"The Beacon Hotel and Corporate Quarters has traded in a deal facilitated by Savills Studley. The new owners plan to carry out extensive on-site renovations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-05T18:54:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:05:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Beacon-Hotel-in-Washington-D.C..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1087\" \/>\n\t<meta property=\"og:image:height\" content=\"674\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Beata Lorincz\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/\",\"name\":\"JV Buys 199-Key Hotel in Downtown DC - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Beacon-Hotel-in-Washington-D.C..jpg\",\"datePublished\":\"2018-03-05T18:54:18+00:00\",\"dateModified\":\"2022-12-09T00:05:06+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Beacon-Hotel-in-Washington-D.C..jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Beacon-Hotel-in-Washington-D.C..jpg\",\"width\":1087,\"height\":674},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JV Buys 199-Key Hotel in Downtown DC\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004\",\"name\":\"Beata Lorincz\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96\",\"caption\":\"Beata Lorincz\"},\"description\":\"With a background in architecture, Beata Lorincz has been an associate editor with Commercial Property Executive and Multi-Housing News since 2017. Her current work centers around architecture and design, the student housing sector and data-driven updates on the office market.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/beata-lorincz\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"JV Buys 199-Key Hotel in Downtown DC - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/","og_locale":"en_US","og_type":"article","og_title":"JV Buys 199-Key Hotel in Downtown DC","og_description":"The Beacon Hotel and Corporate Quarters has traded in a deal facilitated by Savills Studley. The new owners plan to carry out extensive on-site renovations.","og_url":"https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-03-05T18:54:18+00:00","article_modified_time":"2022-12-09T00:05:06+00:00","og_image":[{"width":1087,"height":674,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Beacon-Hotel-in-Washington-D.C..jpg","type":"image\/jpeg"}],"author":"Beata Lorincz","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/","url":"https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/","name":"JV Buys 199-Key Hotel in Downtown DC - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Beacon-Hotel-in-Washington-D.C..jpg","datePublished":"2018-03-05T18:54:18+00:00","dateModified":"2022-12-09T00:05:06+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Beacon-Hotel-in-Washington-D.C..jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Beacon-Hotel-in-Washington-D.C..jpg","width":1087,"height":674},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/jv-buys-199-key-hotel-in-downtown-dc\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"JV Buys 199-Key Hotel in Downtown DC"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/23f841021ddf3b38ebc56abefe1d6004","name":"Beata Lorincz","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Beata-Lorincz.jpg?w=96","caption":"Beata Lorincz"},"description":"With a background in architecture, Beata Lorincz has been an associate editor with Commercial Property Executive and Multi-Housing News since 2017. Her current work centers around architecture and design, the student housing sector and data-driven updates on the office market.","url":"https:\/\/www.commercialsearch.com\/news\/author\/beata-lorincz\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Beacon-Hotel-in-Washington-D.C..jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004209058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/739"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004209058"}],"version-history":[{"count":8,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004209058\/revisions"}],"predecessor-version":[{"id":1004209157,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004209058\/revisions\/1004209157"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004508655"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004209058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004209058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004209058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}