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IHG Hotel on DC’s The Wharf Secures $99M Refinancing
Newmark has arranged a $99 million loan on behalf of CarrAmerica to refinance the InterContinental Washington, D.C. – The Wharf, a luxury hotel on D.C.’s The Wharf.
The financing was secured through Morgan Stanley by Newmark Co-President, Global Debt & Structured Finance, Jordan Roeschlaub, Vice Chairman Nick Scribani, Managing Director Tyler Dumon, and Associate Tate Keir.
The hotel is centrally positioned within The Wharf master-planned development, surrounded by office, multifamily, retail, dining and entertainment destinations. The property features restaurants, a full-service spa, a rooftop pool, a state-of-the-art fitness center, and more than 17,000 square feet of flexible meeting and event space.
The property is affiliated with IHG Hotels & Resorts and benefits from its waterfront setting, institutional ownership and long-term positioning within one of D.C.’s most prominent mixed-use districts. Carr America serves as the managing member of a joint venture with Wharf District Joint Venture, the Wharf portfolio ownership entity managed by District Wharf Properties LLC.
