Donohoe Real Estate Services announces the sale of 1025 15th Street, N.W. Washington, D.C. The Buyer, Honeybee Hospitality, LLC was represented by Charlotte Seale, Associate Broker of Donohoe Hotel Advisory Group.
The Beaux Arts Building originally built in 1895 and completely renovated in 1990 was sold for $9.5 million. The nine story 29,000s.f. building is well located in downtown CBD on the corner of 15th & L Street, N.W. in Washington, D.C.
Honeybee Hospitality, LLC ("Buyer") plans to convert the office building to an Independent Hotel. "The Buyers seized this rare opportunity to acquire a vacant office building with zoning adaptable to Hotel Use in the heart of the D.C. Central Business District," said Charlotte Seale.
Donohoe Hotel Advisory Group, Charlotte Seale, Associate Broker and Bill Moyer, Vice President have been working with this Owner/Operator since 2008. "We enjoy working with these savvy hoteliers and look forward to a long term relationship," said Charlotte Seale.
The Donohoe Companies founded in 1884 is one of the oldest and largest privately held full service commercial real estate companies in Washington, D.C. Donohoe R.E.Services/Corfac Int'l, Hotel Advisory Group is committed to providing quality service and cultivating long term relationships that build return for our clients. While Donohoe's focus is the Mid-Atlantic area, we are able to assist new buyers and sellers who emerge in other regions of the U.S. through our alliance with Hotel Brokers International. To learn more, please contact Charlotte Seale, Associate Broker (202) 625-4156 email: [email protected] or Bill Moyer, Vice President (202) 625-4153 email: [email protected].
Founded in 1959, Hotel Brokers International (HBI) is the industry leader in hotel real estate sales. HBI’s more than 75 hotel brokerage specialists have successfully negotiated more than 10,000 hotel real estate transactions and most recently have accounted for 48 percent of all select-service and economy hotel sales in the United States. The organization’s database currently comprises more than 150 property listings and the HBI website attracts more than 50,000 monthly site visitors from approximately 40 different countries. Founder and host of the popular Hotel Investor’s Marketplace Webcast, HBI also developed the Certified Hotel Broker professional designation program. In addition to hospitality real estate advisory services, HBI offers affiliate membership to professionals in allied fields, including franchising, lending, appraisals and investment services. For more information about HBI’s hotel listings or to become a broker or affiliate member, visit www.hbihotels.com.
Charlotte Seale, Associate Broker
Donohoe Hotel Advisory Group
Glenda Webb, Managing Director
Hotel Brokers International
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