Bethesda DoubleTree Hotel and Executive Meeting Center

Location:Bethesda, MD
Equity Invested: $32.0 MM
Property Sale: $67.1 MM

Investment Results

  • 20.0% IRR
  • 2.5x multiple on invested equity
  • NOI increased 210% from by year 3


  • Acquired below replacement cost via broken auction 
  • An underperforming hotel
  • Under branded independent

Value Added

  • Reimagined wellness theme
  • Created tier 1 meeting programs and center
  • Allergy-free initiatives
  • Increased leisure penetration with cutting-edge internet marketing

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