Washington, D.C

1 Washington Circle Hotel Changes Hands in $49M Deal

Published

2 years ago

June 30, 2022

1 Washington Circle Hotel Changes Hands in $49M Deal

A three way partnership between Electra America and AKA has acquired One Washington Circle Lodge, a 152-room resort in Washington, D.C., from George Washington College.

The value was $49 million, in response to somebody near the deal.

The brand new homeowners, who go by Electra America Hospitality Group, are planning a $30 million renovation and can reopen the Foggy Backside resort in the summertime of 2023, in response to the three way partnership. A brand new title for the resort can be shared nearer to opening, although it is going to be an AKA-branded property.

“This was a superb alternative to accumulate a resort asset in want of renovation in a excessive barrier to entry market that may take pleasure in substantial development on account of a number of demand drivers, together with proximity to giant, prestigious educational establishments, governmental businesses and a litany of D.C. tourism points of interest,” Russ City, Electra America Hospitality Group’s CEO, stated.

The resort is at 1 Washington Circle, simply blocks from George Washington College, George Washington College Hospital and the World Financial institution. It was inbuilt 1964 and final renovated in 2003.

“This property additionally enhances AKA’s rising presence within the Washington, D.C., metro market, permitting AKA to capitalize on efficiencies derived from economic system of scale whereas planting a flag in one of many metropolis’s most enjoyable districts,” City stated, citing Lodge AKA Alexandria, opening later this 12 months, and AKA White Home, which has been within the District for a decade.

The nine-story property’s 152 suites common 480 sq. toes, and the resort gives a ground-floor restaurant, a 3,300-square-foot assembly room, a health heart, a enterprise heart and a small outside pool.

“We’re happy by the profitable completion of this transaction,” stated Bruno Fernandes, vice chairman of finance and treasurer of George Washington College. “The proceeds from the sale of 1 Washington Circle can be used to help the educational mission of the college.”

Marc Journal, govt managing director, hospitality at Savills, represented the vendor within the deal.

Keith Loria will be reached at Kloria@commercialobserver.com.

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Washington, D.C

DC police investigate Northwest shooting, suspects remains at large

Published

5 hours ago

May 18, 2024

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DC police investigate Northwest shooting, suspects remains at large

WASHINGTON – The Metropolitan Police Department is on the lookout for any suspects involved in a shooting in Northwest.

MPD are in the area of the intersection of Sherman Avenue and Harvard Street in Northwest following a shooting Saturday afternoon. Police are searching for a black sedan with heavy tints with damage in the front last seen fleeing southbound in the 2800 block of Sherman Avenue.

This comes less than an hour after a reported officer involved shooting in Northwest near George Washington University.

No word on any injuries.

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Washington, D.C

American Society for Radiation Oncology (ASTRO) to Host Annual Meeting in Washington, DC, Sept. 29-Oct. 2

Published

12 hours ago

May 18, 2024

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American Society for Radiation Oncology (ASTRO) to Host Annual Meeting in Washington, DC, Sept. 29-Oct. 2

May 17, 2024 — Registration opens today for the American Society for Radiation Oncology’s (ASTRO) 66th Annual Meeting, which will be held at the Walter E. Washington Convention Center in Washington, D.C., September 29 – October 2, 2024. Media registration is available at www.astro.org/annualmeetingpress, and general registration is available at www.astro.org/annualmeeting.

Led by ASTRO President Howard Sandler, MD, FASTRO, the conference is expected to attract up to 10,000 oncologists, clinicians, researchers and other health care professionals from around the globe. ASTRO’s 2024 Annual Meeting will feature:

More than 2,300 research presentations and posters on advances in radiation oncology and cancer care
Expert panels and speakers that support the meeting’s theme, “Targeting Provider Wellness for Exceptional Patient Care,” on topics such as mental health support and parental leave, as well as a keynote from Bryan Sexton, PhD, a psychometrician and director of the Duke Center for Healthcare Safety and Quality
Storytelling sessions, educational panels and workshops covering timely issues such as radiopharmaceutical therapy and the impact of artificial intelligence in health care, and a Presidential Symposium highlighting advances in treating prostate and other genitourinary cancers

Registered attendees can choose to join the meeting in person in Washington, D.C. or with virtual access to livestreams of all scientific and educational sessions. Additionally, for those attending in person, more than 170 exhibitors will showcase state-of-the-art technologies for cancer care in the ASTRO Exhibit Hall.

For more information: www.astro.org

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