DENVER An affiliate of Amstar Group, Ltd., a private national real estate investment company headquartered here, 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.
The company plans to renovate and reposition the Washington Park Terrace Hotel as an upscale boutique hotel with new executive meeting facilities. The eight-story property currently features 219 guestrooms and 6,700 square feet of meeting space. The hotel also offers a 4,000-square-foot exterior courtyard patio, a 1,200-square-foot deck and a 1,000-square-foot patio terrace.
Donohoe Real Estate Services Hotel Advisory Group facilitated the transaction. Amstar has retained Interstate Hotels of Pittsburgh to operate the facility. (4/30/01)