A commercial property opportunity in Washington DC, USA, is currently available through EquityMultiple. This investment offers a senior loan opportunity for the acquisition and renovation of a 9-story, 199-key hotel located in Dupont Circle. The property, valued at $45,577,349, includes a 220-seat restaurant and is strategically positioned in a prime leisure-travel corridor within the Nation’s Capital.

The borrower, Three Wall Capital LLC, led by Alan Kanders, boasts a wealth of experience in the hospitality sector and owns numerous assets across key markets. Acquired for $70M in 2018, the property is now being purchased for $28M in a partnership buyout, presenting a significant discount. The renovation plan aims to elevate the hotel's standards to align with other luxury brands in the area, with a focus on FF&E enhancements and minimal construction.

Operational continuity is ensured during the renovation phase, with the hotel expected to benefit from the January 2025 Presidential Inauguration. The projected stabilization period spans 24 months, with the loan disbursed in stages to facilitate property acquisition and improvements. A 12-month partial interest reserve is included to support cash flow, with provisions for replenishment if necessary.

Investors are presented with an opportunity to participate in a well-structured investment venture with a seasoned sponsor, offering potential returns and exposure to a prime hospitality asset in a sought-after location. The strategic positioning and renovation plans aim to enhance the property's value and performance, making it a compelling investment prospect in the Washington DC real estate market.