The four-year loan will allow the owner to refinance debt on theproperty and pay down an outstanding mezzanine loan. Winston LLCacquired the Churchill three years ago for approximately $20million.

The Churchill is an historic destination that got its start asan upscale apartment building back in 1906. It was not until 1991that the property, currently assessed at a value of just over $12million, was converted into a hotel. Today the hotel features 4,200sf of meeting and event space, a restaurant and an exercisefacility.

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Washington, DC