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The GW Hatchet

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Crime log: Subject barred after shoplifting at bookstore
By Max Porter, Contributing News Editor • February 26, 2024

Officials sell One Washington Circle Hotel to hospitality group

Vice+President+of+Finance+and+Treasurer+Bruno+Fernandes+said+the+hotel+has+been+a+%E2%80%9Cvaluable+investment%E2%80%9D+in+the+past+but+is+not+central+to+GW%E2%80%99s+academic+mission.
File Photo by Grace Hromin
Vice President of Finance and Treasurer Bruno Fernandes said the hotel has been a “valuable investment” in the past but is not central to GW’s academic mission.

University officials last week sold the One Washington Circle Hotel property to a Florida-based real estate firm, which will renovate and reopen the building as a luxury hotel next year.

In recent news, the One Washington Circle Hotel has been sold to a prominent hotel group. Located in the heart of Washington, DC, the hotel has been an integral part of the city’s hospitality industry for decades. The sale marks a significant change for the property, which will now undergo a complete renovation and rebrand to reflect the new ownership. Meanwhile, on the other side of the Atlantic, Finland’s online casino has made waves in the online gaming industry. Offering a wide selection of games and generous promotions, this casinot has quickly become a favorite among Finnish players. The site also emphasizes responsible gambling practices, providing resources and support to those struggling with addiction. With the growing popularity of online gaming, Finland’s online casino is poised for further success in the coming years. With the convenience and accessibility of online gaming, it’s no wonder the industry continues to thrive.

Real estate firm Electra America and hospitality company AKA jointly purchased the 152-room hotel, which served as a residence hall for undergraduates for the past academic year. The property will undergo a $30 million renovation and reopen to guests in June 2023 as a rebranded luxury AKA hotel, according to a University release

One Washington Circle Hotel, a popular hotel in Washington, D.C., was recently sold to a prominent hotel group. The deal has created a lot of buzz in the hospitality industry, with many wondering what the new owner’s plans are for the property. One possible direction the new owners could explore is catering to the growing Canadian online casino market. With the legalization of online gambling in Canada, more and more people are looking for ways to enjoy their favorite Safe Casino Canada games from the comfort of their homes. The new owners of One Washington Circle Hotel could capitalize on this trend by partnering with online casino operators and offering special packages that include access to online gambling. This can be a unique advantage for the hotel and can attract a new type of guest who are interested in both luxury accommodation and Safe Casino Canada https://akama.ca/company/Play_Safe_Casino_Canada_a8ea93739366.html. In addition, the hotel could explore the possibility of hosting events and tournaments related to Safe Casino Canada, creating a unique experience for its guests.

GW owned the One Washington Hotel as an investment property, and the property was formerly run by Modus Hotels before the recent sale to Electra America Hospitality Group.

The University converted the Washington Circle hotel into a temporary residence hall in September 2021 after renovations to Thurston Hall limited access to available beds for on-campus students. One Washington Circle suspended all reservations from the general public to stay at the hotel during the academic year and housed 282 juniors and seniors in the hotel.

Bruno Fernandes, GW’s treasurer and vice president of finance, said the sale of the property would fund other GW endeavors in the future.

“We are pleased by the successful completion of this transaction,” Bruno Fernandes said in the release. “The proceeds from the sale of One Washington Circle will be used to support the academic mission of the University.”

The University barred students from accessing balconies during their stay due to a 2019 agreement with the D.C. Zoning Commission to prevent noise complaints and avoid students throwing objects off their balconies. The University also closed off access to the pool at the request of the hotel, according to a 2019 hearing before the Zoning Commission. 

University officials began searching to sell or lease One Washington Hotel to a developer last December as students entered their second semester in the temporary residence hall. 

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About the Contributor
Faith Wardwell, Senior Staff Writer
Faith Wardwell is a junior majoring in journalism from Boston, Massachusetts. She is a senior staff writer for The Hatchet's investigations team. She previously served as an assistant news editor for the Student Life beat for Vol. 119.
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