WASHINGTON, DC-Mortgage banking firm LJ Melody & Co. closes on a financing deal for the Churchill Hotel, a 144-room luxury property on Embassy Row in the popular Dupont Circle area of the District. LJ Melody secured an $18.5 million refinancing package on behalf of hotel owner Winston LLC. The funds, which are in the form of a floating-rate loan, courtesy of CDC Mortgage Capital.

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

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

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.