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The Grande Dame of Washington: Hotel of Presidents


The Grande Dame of Washington: Hotel of Presidents
September 29, 2018
The Mayflower Hotel, Washington, DC opened on February 18, 1925 with 440 guestrooms. It is known as the “Grande Dame of Washington,” the “Hotel of Presidents,” and as the city’s “Second Best Address” (the White House is the first).
The Mayflower Hotel was built by Allen E. Walker who planned to name it The Hotel Walker. He retained Warren & Wetmore, architects who had designed New York’s Commodore, Biltmore, Ambassador Ritz-Carlton and Vanderbilt Hotels. The supervising architect was Robert F. Beresford who had worked for the Supervising Architect of the Treasury and the Superintendent of the Capitol. When Walker sold his interest to C.C. Mitchell & Company, the new owners changed the name to the Mayflower Hotel in honor of the 300th anniversary of the landing of the Mayflower and the Pilgrims at Plymouth Rock. ....

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Security Properties Completes Off-Market Acquisition of 938-Unit Multifamily Housing Portfolio in Portland and Denver Markets


SEATTLE, WA - A partnership between Security Properties and an affiliate of Rockwood Capital closed on a three-property portfolio acquisition, the companies announced. The acquisition consists of The Ardea, a 323-unit Class-A multifamily high-rise located in Portland, OR; Windward, a 200-unit Class-A+ mixed-use project in Lake Oswego, OR; and The Metro, a 415-unit Class-A- asset in Denver, CO.
According to Davis Vaughn, Senior Director at Security Properties, This is one of the most exciting acquisitions in our company s 50+ year history. Off-market acquisitions of this scale are extremely rare, especially considering the quality of the portfolio. We feel we are buying the premier suburban asset in the entire Portland MSA in Windward, a trophy high rise in Ardea at a basis significantly below replacement cost, and a well-located urban asset in Metro, poised to capitalize on Denver s continued growth. By adding these flagship assets to our portfolio, we look forward ....

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