WASHINGTON, DC–As we reported last month, the Madison has found a buyer.
Waterton and an affiliate of Walton Street Capital have announced their acquisition of the 356-room hotel formerly known as the Loews Madison. The property has been rebranded as The Madison, a Hilton Hotel. It will be managed by Hilton Hotels & Resorts.
This is Waterton's first acquisition in the Washington DC market, according to a prepared statement by Nir Liebling, chief investment officer of hospitality at Waterton. It is also Waterton's first hospitality acquisition of 2017, the company said.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
