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Graham Hotel Georgetown Sells for $649,000 Per Key

WASHINGTON, DC-That is $37 million, or put another way, one of the highest prices per key in the District.

By Erika Morphy | erikamorphy | | Updated on July 06, 2016
Graham Hotel Georgetown Graham Hotel Georgetown

WASHINGTON, DC-Miami-based Mast Capital announced it has sold the 57-room Graham Hotel Georgetown for $37 million, or $649,000 per key — among the top range of price per key hotel trades in the District for this cycle. The buyer is Legacy Hotel Group, based in Elk River, MN.

Andy Wimsatt, Ian Banger, Christian Charre, Paul Weimer and Natalie Castillo of CBRE  represented Mast Capital and brokered the sale. Nelson Migdal of Greenberg Traurig transacted the deal.

Public records show the hotel last traded for $16.4 million in 2011 as the Hotel Monticello.

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