Henderson Park Acquires Luxury D.C. Hotel
The private equity real estate manager has purchased the Mandarin Oriental Washington D.C. and plans to rebrand the 373-key waterfront hotel as Salamander Washington D.C.
WASHINGTON D.C. – London-based private equity real estate manager Henderson Park has purchased a 373-key luxury resort in Washington D.C. from Mandarin Oriental Hotel Group International Ltd.
The nine-story Mandarin Oriental Washington D.C. overlooks the city’s southwest waterfront and the Tidal Basin. Built in 2004, the luxury hotel has undergone significant guestroom and public space renovations in recent years.
Henderson Park plans to rebrand the hotel as Salamander Washington D.C., under the management of Salamander Hotels & Resorts.
JLL’s hotels & hospitality group marketed the hotel on behalf of the seller, completed of the sale and arranged acquisition financing on behalf of the borrower. The team working on behalf of the seller was led by global CEO Gilda Perez-Alvarado, senior managing director Jeffrey Davis and EVP Stephany Chen, while the acquisition financing team was led by Mark Fisher.
“Washington D.C. continues to be a highly coveted global investment market, ranking fourth behind London, New York and Tokyo in terms of liquidity year-to-date,” says Perez-Alvarado. “Despite capital markets headwinds, we continue to see strong global demand for extraordinary hotel assets, such as the Mandarin Oriental Washington D.C. given favorable industry fundamentals.”