Holiday Inn D.C.AEW AEW Airborne Early Warning AEW Air Expeditionary Wing AEW Airborne Electronic Warfare AEW Agr' Eau' Wat (Canadian agricultural consultant) AEW Amckerns Explosion Wars (Half Life community) Capital Management, L.P. announced the acquisition of a 212-room Holiday Inn located in Thomas Circle Thomas Circle is a traffic circle in the northwest quadrant of Washington, D.C., at the junction of Massachusetts Avenue, Vermont Avenue, 14th Street, and M Street, N.W. The through lanes of Massachusetts Avenue pass under Thomas Circle. in Washington Washington, town, England Washington, town (1991 pop. 48,856), Sunderland metropolitan district, NE England. Washington was designated one of the new towns in 1964 to alleviate overpopulation in the Tyneside-Wearside area. , D.C. AEW purchased the property for approximately $25.9 million on behalf of the AEW Partners IV Fund, the fourth in a series of real estate opportunity funds offered by AEW. The seller, Wright Investment Properties, a hotel owner/operator based out of Memphis, Tennessee For the ancient Egyptian capital, see . Memphis is a city in the southwest corner of Tennessee, and the county seat of Shelby County. Memphis rises above the Mississippi River on the 4th Chickasaw Bluff just below the mouth of the Wolf River. . will continue to manage the hotel. "This is an excellent opportunity to acquire a hotel in one of the top three markets in the country for hotel investment." said Marc Davidson who heads AEW's Partners Group. "The DC metropolitan hotel market has historically been one of the strongest urban markets in terms of occupancy." |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion