"EOS is excited to expand its hospitality footprint in the D.C. region, which attracts nearly 25 million visitors annually and is poised to be one of the best-performing top 25 markets in the United States in the coming years, " said Jonathan Wang, President of EOS. "The Embassy Suites D.C. represents the type of high-quality asset in a desirable market that EOS seeks in each of our investments. We look forward to continuing our positive working relationship with Hilton in the months and years ahead as we build upon the success they have already achieved at the Property."
"We are grateful for the opportunity to expand the EOS portfolio with a high-caliber asset like the Embassy Suites D.C.," said Tom Burns, Vice President of EOS. "Washington, D.C. achieved the third highest RevPAR growth among Top 25 markets in the second half of 2019, and we see opportunity for outperformance in the months and years ahead. The Embassy Suites D.C. provides a tremendous value proposition to guests with fully-modernized, all-suite guestrooms and a superior location proximate to the West End and Central Business District's 15.3 million square feet of office space, The George Washington University, the IMF, the World Bank, Dupont Circle and Georgetown's wide array of restaurant and retail offerings. As positive long-term momentum continues to build within the market, it is an exciting time to be a part of the D.C. hospitality landscape."
In 2016, the Embassy Suites D.C. underwent a comprehensive renovation of all 197 two-room suites and public spaces, including its spacious, light-filled lobby with full-height atrium, to complement its suite-only room mix. The hotel is also home to Hilton Grand Vacations, a members-only vacation program with locations across the United States. Hotel features include on-site restaurant, District Tap, serving dinner and cocktails nightly, 24-hour fitness center, indoor pool and more.
About EOS:
EOS is a fully integrated investment firm dedicated to identifying and creating value within the hospitality sector. EOS utilizes a highly selective investment approach focused on high-quality, differentiated assets with attractive risk-adjusted returns. Headquartered in New York City, EOS seeks investment opportunities across the United States, with an emphasis on major urban markets and resort destinations. To learn more about EOS, please contact [email protected].
SOURCE EOS Investors LLC
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March 06, 2020 at 02:24AM
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EOS Investors LLC Acquires Embassy Suites by Hilton Washington DC Georgetown - PRNewswire
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