Madison Realty Capital Finances Hotel Washington in D.C.
Madison Realty Capital and Newbond Holdings have issued a loan for the 326-key luxury Hotel Washington, backing a Schulte Hospitality joint venture.
Madison Realty Capital, partnering with Newbond Holdings, has extended a loan to a joint venture formed by Schulte Hospitality Group and an unnamed institutional investor for Hotel Washington, a 326-room luxury property situated at 515 15th Street NW in Washington, D.C., the lender announced Wednesday.
Schulte Hospitality Group, which specializes in boutique and lifestyle hotel operations, manages the property directly. The Nashville-based firm oversees a portfolio of more than 250 properties spanning 40 states and five countries, making it one of the more expansive independent hotel operators in the country.
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The transaction reflects continued institutional appetite for luxury hospitality assets in the nation's capital, where high-profile independent hotels command premium positioning near corridors of government and commerce. Financial terms of the loan were not disclosed.
Madison Realty Capital, a New York-based real estate debt and equity firm, has been active in providing financing across major U.S. markets. The involvement of Newbond Holdings as a co-lender underscores the deal's scale and the growing trend of joint lending arrangements in commercial real estate finance.
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