WASHINGTON, D.C.—Real-estate investment management company Westbrook Partners acquired the St. Regis Washington, D.C., for US$549,451 per key.
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Westbrook Partners acquired the 182-room St. Regis Washington, D.C. for US$549,451 per key. (Click to enlarge) |
Westbrook in May paid Claret Capital, a Dublin-based private investment company, a total of US$100 million for the 182-room hotel. Officials at Westbrook and Claret could not be reached for comment before deadline this week.
Following are details about the hotel according to Washington, D.C., property records:
| Current value (2011) | Proposed new value (2012) | % change | |
| Land | US$25.78 million | US$25.78 million | 0 |
| Improvements | US$29.43 million | US$31.55 million | +7.2 |
| Total value | US$55.21 million | US$57.33 million | +3.8 |
| Taxable assessment (1) | US$55.21 million | US$57.33 million | +3.8 |
(1) Taxable assessment after Tax Assessment Credit and after US$67,500 Homestead Credit, if applicable.
Contact:
Westbrook Partners
Phone: 212-849-8800
Email: info@WestbrookPartners.com