The “W” will soon come down from the W Washington D.C. hotel, a little more than two years after the property’s Dubai-based owner completed a $50 million renovation of the luxury branded hotel.
The mark of one of Marriott International Inc.’s luxury hotel brands is slated to be stripped from the 326-room hotel at 515 15th St. NW as early as Aug. 1, but possibly not until the end of August, according two sources familiar with the situation. The hotel, which offers choice views of the White House from its POV rooftop bar, is going independent as part of a pending sale from its current owner, an affiliate of the Investment Corp. of Dubai, to a subsidiary of Newport Beach, Calif.-based Pimco, according to sources.
The sale has not yet been recorded with the D.C. Recorder of Deeds. Pimco, a global investment management firm, reportedly acquired the Courtyard San Diego hotel earlier in 2020 for $64.5 million.
“We are disappointed that the new owners of the W Washington D.C. have decided to…Read the full story from the Washington Business Journal.