HEI Hotels & Resorts has added Beacon Hotel & Corporate Quarters in Washington, D.C., to its portfolio.
The hotel is close to the White House and within walking distance to 38 million square feet of commercial office real estate, Embassy Row and the National Mall.
The Beacon Hotel has 199 guestrooms that average 355 square feet and 58 rooms with kitchenettes. The hotel also includes the Beacon Bar & Grill and Beacon Sky Bar. Other public spaces include a fitness center, business center and more than 10,000 square feet of event space. The property is set to undergo a multimillion-dollar renovation that will a include top-to-bottom update of all guestrooms and bathrooms, reimagining of the food and beverage outlets, refurbishment of meeting spaces and enhancements to the fitness center.
“Washington, D.C. is an extraordinary market that is home to a diverse range of high-profile points of interest,” Anthony Rutledge, CEO at HEI, said in a statement. “We will capitalize on these demand drivers and position the Beacon as a preferred hotel destination. We are also excited to establish a relationship with the owner, Three Wall Capital, and look forward to delivering exceptional results.”
“We feel that HEI Hotels & Resorts is the ideal management partner for the Beacon Hotel,” said Alan Kanders, managing member and founder, Three Wall Capital. “Their extensive experience in this property segment and deep understanding of the D.C. market is a tremendous advantage, and we look forward to a successful collaboration.”
HEI manages a total of six properties in DMV region, which is the metropolitan area centered around Washington, D.C. and includes all of Washington, D.C. and parts of Maryland, Virginia and West Virginia. They include Le Méridien Madison, Washington, D.C. and the Hyatt Regency Dulles. The company’s portfolio now includes more than 100 hotels.