L’Enfant Plaza Hotel Bought; Closed for Renovations
Thursday January 23rd, 2014 - 9:18AM H
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
WASHINGTON—L’Enfant DC Hotel, LLC, an affiliate of Stanford Hotels Group, today confirmed the purchase, for an undisclosed price, of L’Enfant Plaza Hotel here.
The 372-key property was acquired by the company on December 3 and was immediately closed upon transfer in anticipation of a major renovation.
The yet-to-be-branded hotel is located in a Southwest Washington mixed-use development, which includes retailers and Class A office space. This location is one block from many of Washington’s attractions, including The National Mall, The Washington Monument and The Smithsonian. Also nearby are The United States Capitol, U.S. Supreme Court and The White House. Many federal agency headquarters are within walking distance. Virginia and Maryland also are accessible for guests through the L’Enfant Plaza Metro Station located beneath the hotel.
“This is one of the premier locations in the Nation’s capital and serves both leisure and business guests,” stated Will Gibbs, SVP/L’Enfant DC Hotel, LLC. “Our plans to restore the hotel to Four Diamond status are being developed now with intentions to re-open the hotel in 2015. The current development of an additional 58,000 sq. ft. of retail space adjacent to the hotel and the future development plans of 1.8 million sq. ft. of mixed-use commercial property on the Potomac River’s Southwest waterfront one block away make the potential for the hotel to be at the height of its 40-plus-year history.”
Opened as a luxury property in 1973, L’Enfant Plaza Hotel was designed by architect Vlastimil Koubek and named after Pierre Charles L'Enfant, the first surveyor and designer of the street layout for Washington, D.C. The property features 21,000 sq. ft. of conference and banquet space, including a 700-seat ballroom, two restaurants, two bars, coffee kiosk, retail spaces, health club, business center and a rooftop pool.
Tags: L’Enfant Plaza Hotel • Hospitality • Ownership •
For the past few years, the talk of The Lodging Conference in Phoenix had been focused on the economic recovery, solid industry projections and “cautious optimism.” With the word cautious no longer necessary, the economic outlook took a backseat this year to the seemingly unending parade of new lifestyle brands.