Sage Hospitality Acquires Majority Interest in Newly-Opened Homewood Suites by Hilton in Washington, D.C.

Top Hotel Management Company Also Holds Management Contract for the 195-Key Hotel in D.C.'s Burgeoning Navy Yard Neighborhood

DENVER, Feb. 6, 2017 /PRNewswire-iReach/ -- Sage Hospitality, one of the nation's leading hotel management, investment and development companies, is proud to announce the acquisition of majority ownership of the Homewood Suites by Hilton Washington D.C. - Capitol Navy Yard.  The hotel was developed by affiliates of Englewood LLC and CG Investments, who will each retain interests in the property. Sage Hospitality has also taken over management of the property.

"We are very excited about investing in a city where we have seen, and expect we will continue to see, a significant amount of growth," said Michael Everett, Chief investment Officer for Sage Hospitality.  "It's an amazing opportunity for Sage along with our partners at Englewood LLC and CG Investments to be part of the tremendous growth happening in the Capitol Riverfront, Washington's fastest growing neighborhood, and we look forward to being a part of the community there for many years to come."

Homewood Suites by Hilton Washington D.C. - Capitol Navy Yard completed construction and opened in November 2016. Located just one block from Nationals Park and the Navy Yard Metro station, guests enjoy easy access to bountiful entertainment options in the area. Within a short metro ride, guests can enjoy local historic attractions like Capitol Hill, the Washington Monument, the Lincoln Memorial and the Smithsonian Museums. For conventioneers, the Washington Convention Center is only a few stops away via Metro.

"We are thrilled to enter into this joint venture with Sage," said Ken Finkelstein, President of Englewood LLC. "When we were developing the property we knew it was going to be a strong addition to D.C. and this area, and we're looking forward to continuing to be a part of the project moving forward."

To learn more about Sage Hospitality and their continuously growing portfolio, visit www.sagehospitality.com.

About Sage Hospitality                                                                                             

Denver-based Sage Hospitality was founded in 1984 and since continues to lead the hospitality industry in hotel and restaurant management as well as real estate investment.  Sage is known for outstanding relationships with hotel brands and creating places that people want to go to, not through, including 10 unique restaurant concepts by Sage Restaurant Group and independent luxury properties by Sage Hotels.  To learn more about Sage, visit www.sagehospitality.com.

Media Contact: Kate Davis, Sage Hospitality, 720-514-1287, katherine.davis@sagehospitality.com

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SOURCE Sage Hospitality



2017

Tags

Real Estate, Hotels and Resorts, Travel Industry, Corporate Expansion



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