WASHINGTON HOTEL FETCHES $8.4 MILLION

by admin

WASHINGTON, D.C. — Washington-based Braxton Hotel & Condominium has sold the 58-room District Hotel to Cherry Blossom Hospitality for $8.4 million. The seller had converted the property, which is located at 1440 Rhode Island Ave. NW in Washington, from a 1920s-era, 86-room boarding house to a boutique hotel. Cherry Blossom Hospitality plans to add four stories to the original property and build an additional eight-story building. Donohoe Corfac International brokered the sale.

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