DENVER An affiliate of Amstar Group, a real estate investment company, has acquired the Doubletree Washington Park Terrace Hotel in Washington, D.C. from Washington Park Hotel Associates Limited Partnership. Specific terms of the multi-million dollar transaction were not disclosed.
Preliminary plans are to renovate the property and reposition the Washington Park Terrace Hotel as an upscale boutique hotel with distinctive new executive meeting facilities. Located six blocks from the White House and the Washington Convention Center, the eight-story hotel features 219 guestrooms and 6,700 square feet of meeting space. (4/27/01)