January 12, 2021
Berkadia has brokered the $33.5 million sale of Georgetown Suites, a 223-room hotel profile in Washington D.C.
. The portfolio contains the Georgetown Suites Harbor Structure at 1000 29th Road NW and the Georgetown Suites Courtyard Building at 1111 30th Road NW. The unrevealed customer strategies to convert the hotels to a multifamily apartment or condo area.
Dan Hawkins, Kyle Stevenson as well as John Kluh of Berkadia’s Hotels & & Friendliness team represented the sellers in the deal, Maryland-based Georgetown Mews Associates, LP as well as 29th & & K Associates, LP. The deal closed December 22.
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