Hersha Hospitality Trust the new owner of the Ritz-Carlton Georgetown

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The Ritz-Carlton Georgetown has a new owner, according to the Washington Business Journal.

Philadelphia-based Hersha Hospitality Trust acquired the 86-room Ritz property at 3100 South St. NW late last month for $32.5 million, according to deed records. It is the company’s fourth D.C. property, following the St. Gregory Hotel, Capitol Hill Hotel and Hampton Inn by Hilton Washington.

Hersha confirmed the acquisition, but declined to comment for now. It is the company’s first Ritz-Carlton, adding to its inventory of 20-plus brands nationwide, including Marriott, Hyatt, Hilton, Starwood, Intercontinental, Choice, Wyndham and Carlson.

New York City-based Millennium Partners, the seller, developed the Ritz-Carlton Hotel, the 28-unit Residences at The Ritz-Carlton Georgetown, the AMC Loews Georgetown 14 and an adjacent 600-space parking garage. The $175 million complex, carved out of a 70-year-old brick industrial building, opened in 2003.

The AAA Five Diamond hotel (one of only three in the District), which underwent a guestroom renovation in 2014, features a 130-foot smokestack, Potomac River views, Degrees restaurant, The Boutique Spa, and a wood-burning fireplace in a hotel lounge called The Living Room.

Millennium Partners also owns the Ritz-Carlton Hotel and Residences in Foggy Bottom. According to its website, that property — much larger than the one in Georgetown — is its last in D.C.

Hersha controls a host of hotels in the Washington area, including the Fairfield Inn Laurel, the Hyatt House Gaithersburg, Residence Inn Greenbelt, Courtyard Alexandria Pentagon South, and the Residence Inn Tysons.

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