Modus Hotels Debuts Avenue Suites Hotel
Thursday September 13th, 2012 - 10:41AM
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WASHINGTON—Modus Hotels completed the transformation of its tenth property here in the Georgetown district, debuting the Avenue Suites hotel.
Acquired in an off-market transaction in 2011, the repositioning of the hotel has taken nine months.
The renovation of the hotel formerly known as Washington Suites Georgetown includes a new limestone façade and entryway, redesigned lobby and patio, which is part of A Bar, an upscale lounge overlooking Pennsylvania Ave., where the hotel is located.
Avenue Suites features 124 studios and one-bedroom suites that are 650 sq. ft. Each apartment-size suite also has a fully equipped kitchen. All of the rooms have been redecorated in a contemporary style.
“This is a ‘one-of-a-kind’ hotel in a superior location,” noted Aaron Katz, president/CEO of Modus Hotels. "It’s the ideal combination of style, comfort and practicality.”
The hotel’s west end location is near attractions such as the White House, The Kennedy Center for the Performing Arts and all of the National Mall monuments and museums, which are within walking distance of the hotel, as are George Washington and Georgetown Universities. .
The new hotel joins the Modus Hotels’ collection of upscale, urban, boutique properties operating in Washington, D.C., Chicago and Philadelphia. These include: The River Inn, The Quincy, One Washington Circle Hotel, The George Washington University Inn, Virginian Suites Arlington, Colony South Hotel and Conference Center and The Windsor Suites.
Founded by real estate developer Conrad Cafritz, Modus Hotels is a full-service hotel development and management company and an affiliate of Cafritz Interests, a diversified real estate company with properties in a number of market sectors, including office, hotel, restaurant, residential, senior living, student housing and industrial real estate.
Tags: Hospitality Construction/Renovation Ownership Management Companies
The most recent NYU Conference, earlier this month proved, once and for all, that the lodging industry has finally turned the corner and happy days are, indeed, here again. While the economists and pundits all provided plenty of anecdotal evidence to bear that out in terms of supply and demand ratios, RevPAR projections, asset values and all the other metrics, that’s not what has me convinced.