Hilton Washington Hilton Washington

WASHINGTON, DC—The Washington Hilton, the 1,119-key hotel at 1919 Connecticut Ave., NW, is either under contract or about to be, according to two sources. The rumored price that the owner, a JV between Lowe Enterprise Investors and the Canyon-Johnson urban fund is getting for the property is $315 million, or $281,501 per key. The buyer is a JV between Oaktree Capital and Clearview Hotel Capital, both of Los Angeles.

The parties in the deal did not return calls to GlobeSt.com, except for Oaktree Capital, which declined to comment.

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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.

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