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Douglas Development Revealed as Buyer of Dupont Circle's Kimpton Topaz Hotel

Firm Immediately Closes Boutique Hotel for Renovations
The Kimpton Topaz Hotel originally operated as an apartment building when it was constructed in the 1960s. (CoStar).
The Kimpton Topaz Hotel originally operated as an apartment building when it was constructed in the 1960s. (CoStar).
By Bryce Meyers
CoStar News
November 26, 2019 | 3:35 P.M.

Pebblebrook Hotel Trust has completed the sale of the Kimpton Topaz Hotel in Washington, D.C., the latest in a string of dispositions as it works to meet its target of $660 million in property sales following the company's acquisition of rival LaSalle Hotel Properties last November.

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