Hotel Brokers International and Donohoe Real Estate Services announce the sale of The Eldon Luxury Suites in Washington, D.C. Bill Moyer, Vice President and Charlotte Seale, Associate Broker of Donohoe Real Estate Services Hotel Brokerage represented Grasshopper Hospitality, LLC (Buyer) in this transaction.
The Eldon Suites, located at 933 L Street, N.W., was originally built in 1926 as an apartment building. This Historic Eight Story building was completely restored in 2008 and re-opened in March 2009 as an Upscale Luxury Suite Hotel. The hotel contains 50 spacious suites ranging from 650 to 1500 square feet. Each suite features a full kitchen equipped with stainless steel appliances and granite countertops with exquisite polished granite floors and custom birchwood wall treatments.
Grasshopper Hospitality, LLC, a hotel owner and operator in the District of Columbia, will be adding The Eldon to their portfolio of Independent Hotels.
Donohoe Hotel Brokerage has previously worked with Grasshopper Hospitality, LLC. "The transaction required a Buyer with the ability to close quickly. We have sold three hotels to this investor and knew they were well qualified and able to meet the Seller's time constraints," said Charlotte Seale.
The Donohoe Companies, founded in 1884 is one of the oldest and largest privately held full service commercial real estate companies in Washington, DC. Donohoe Real Estate Services/Hotel Brokerage is dedicated to the hospitality industry brokering over $1 billion dollars since its inception in 1990. With its extensive database of hotel buyers and sellers, Donohoe Hotel Brokerage is able to quickly identify qualified investments for its investors.
While Donohoe’s focus is the Mid-Atlantic area, they are able to assist new buyers and sellers who emerge in other regions of the United States through the alliance they have established with Hotel Brokers International. Donohoe Hotel Brokerage is committed to providing quality service and cultivating long term relationships that build return for their clients. To learn more, contact Charlotte Seale, Associate Broker (202) 625-4156 email: firstname.lastname@example.org or Bill Moyer, Vice President (202) 625-4153 email:email@example.com.
Founded in 1959, Hotel Brokers International is the industry leader in hotel real estate sales. HBI’s more than 75 hotel brokerage specialists have successfully negotiated more than 10,000 hotel real estate transactions and most recently have accounted for 48 percent of all select-service and economy hotel sales in the United States. The organization’s database currently comprises more than 150 property listings and the HBI website attracts more than 50,000 monthly site visitors from approximately 40 different countries. Founder and host of the popular Hotel Investor’s Marketplace Webcast, HBI also developed the Certified Hotel Broker professional designation program. In addition to hospitality real estate advisory services, HBI offers affiliate membership to professionals in allied fields, including franchising, lending, appraisals and investment services. For more information about HBI’s hotel listings or to become a broker or affiliate member, visit www.hbihotels.com.