Marriott’s W Washington D.C. property is being sold, and will losing it’s W brand once complete, as the new owners plan to operate it independently. Once known as Hotel Washington back in 1917, it’s likely the hotel will be renamed it’s original name as part of the sale.
Currently, there’s no exact date as to when this will be leaving Marriott, but internal sources say it could happen as early as next month.
Per the Washington Business Journal,
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.
“We are disappointed that the new owners of the W Washington D.C. have decided to run the hotel as an independent,” a spokesperson for Marriott (NASDAQ: MAR), said in an email. “We wish them the best in this next chapter for the storied property.
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