Red Lion’s Hunt in DC’s Hotel Jungle
- Sep 01, 2015
RLHC last week announced that one of its subsidiaries will form a joint venture with an affiliate of Shelbourne Capital to buy downtown D.C.’s Quincy Hotel. A definitive agreement has already been signed and the transaction is expected to close in mid-October. The purchase price was not disclosed.
The Quincy is a 99-key boutique hotel located at 1823 L St., N.W. It is housed in a 10-story building with a restaurant and lounge on the main floor, close to many of the city’s attractions, historical landmarks and museums. The joint venture plans to invest an additional $2 million to turn the property into a Hotel RL. RLHC will manage the new hotel.
“This transaction gives RLHC the opportunity to place our new Hotel RL brand squarely in the center of the Dupont Circle neighborhood of Washington, D.C., just a few blocks from the White House,” RLHC Senior Vice President of Corporate Development Angela Landgraf said in a statement. “With this announcement following the opening of the first Hotel RL in Baltimore’s Inner Harbor on Aug. 1, the Hotel RL brand is staking its claim in the top U.S. markets. Hotel RL is generating strong interest from investors, the hotel industry and most important, our guests.”
RLHC plans to open even more locations throughout the U.S. in the near feature. Three more Hotel RLs are scheduled to open in the first half of 2016 in Salt Lake City and in Spokane and Olympia, Wash.
Photo credit: Red Lion Hotels Corp.