February 16, 2020         
Make Vision Care a Priority in 2020   •   Cruise Planners' CEO and Founder Michelle Fee Inducted into Sandals Resort International's Hall of Fame as Strong Female Executi   •   Hemp Depot Redefines U.S. CBD Farming Economics With 70% Reduction in Feminized Seed Pricing   •   Free Dental Care for Kids at GDA Foundation Give Kids a Smile Day   •   Lovers, Sub a Sandwich for a Ring This Leap Day and Quiznos May Cater Your Wedding – Assuming They Say “Yes”!   •   Bounce to World Premiere New Original Black History Month Special Starring Queen Latifah, Common and Harry Belafonte Monday, Feb   •   M&T Bank Designated as a Best Place to Work for LGBTQ Equality   •   iPhone 11 Pro doubles radiation exposure deemed safe for consumers, according to new test   •   To Honor World Cancer Day, The WISDOM Study Seeks Support from Women to Modernize Breast Screening Guidelines   •   AARP Nevada And Las Vegas Review-Journal Partner For Nevada Caucus Voter Education Campaign And Event   •   New ESA ‘Game Generation’ Campaign Shows Video Game Play Brings Benefits Beyond Fun   •   The Author Incubator Launches New Program for Spanish Speaking Entrepreneurs   •   7,000 Bacardi Employees Turn on Their ‘Out of Office’ to Visit Hundreds of Bars Across the Globe to Spark Conversati   •   Comcast Celebrates the Year of the Rat With Continued Sponsorship of San Francisco’s Chinese New Year Festival & Parad   •   Inspīr Carnegie Hill Appoints Renowned New York University Neuroscientist, Dr. Wendy Suzuki to Advisory Board   •   Fulton Mortgage Company Honored With First Annual Community Revitalization Award in Philadelphia   •   EWA Is Proud to Announce That Voviette Morgan, Special Agent in Charge, Los Angeles Office FBI, Has Been Selected for the EWA Ja   •   MISSION BBQ Customers Donate $350,420 to Wreaths Across America   •   To Honor World Cancer Day, The WISDOM Study Seeks Support from Women to Modernize Breast Screening Guidelines   •   Santa Maria Philharmonic Presents Annual Youth Showcase
Bookmark and Share

Geolo Capital Completes Sale of New Thompson Washington D.C. Hotel to Union Investment

SAN FRANCISCO , January 22 /Businesswire/ - Geolo Capital, the private equity investment arm of the John Pritzker family office, today announced that on Friday, January 17 it closed on the sale of the new Thompson Washington D.C. hotel to Hamburg, Germany-based Union Investment for $120 million. Developed over three years in partnership with Boston-based JW Capital Partners, the 225-room Thompson Washington D.C. opened on January 8, 2020, in the hip and historic Navy Yard, a vibrant destination for nightlife, dining and shopping in the heart of Washington D.C.’s bustling Capitol Riverfront neighborhood. The sale to Union Investment marks the realization of a complex transaction that was arranged more than two years in advance of the hotel’s completion. Bank OZK provided construction financing to JW Capital Partners and Geolo, which managed the hotel’s architecture and interior design by Studios Architecture and Parts and Labor Design NYC. John Moriarty & Associates of Virgina provided preconstruction and general contracting services for the project. Following the sale, the Geolo and JW Capital Partners joint venture will remain a long-term tenant, leasing the property back from Union Investment and overseeing management of the asset, which will continue to be operated as a Thompson Hotel.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200122005241/en/

Thompson Washington D.C. (Photo: Business Wire)

Thompson Washington D.C. (Photo: Business Wire)

“We are extremely proud of the Thompson Washington D.C., which showcases Geolo’s strengths in design, programming and development, and will be the new heartbeat of the dynamic Navy Yard neighborhood,” said John Pritzker, Founding Partner and Director of Geolo Capital. “We are very pleased to have found the right partner in Union Investment, which shares our vision for the property. Together, we will retain a significant economic interest in the ongoing success of the hotel through our long-term lease agreement. We look forward to replicating this symbiotic relationship between capital partners and developers on a repeated basis.”

Thompson Washington D.C. is the first property in the nation’s capital for the luxury lifestyle hotel brand. Located in the rapidly improving Capitol Riverfront neighborhood in the 42-acre mixed-use development of historic Navy Yard, the hotel is the new social epicenter of The Yards community. Bordered by the Anacostia River and Nationals Park, Thompson’s newest, east coast destination is distinguished by its textured façade of dark gray iron-spot brick and large industrial windows. The hotel offers 225 modern yet timeless guestrooms and suites, three restaurant and bar concepts by Danny Meyer’s Union Square Hospitality Group, and over 7,000 square feet of indoor and outdoor space for meetings and events. Its signature restaurant, Maialino Mare, is a modern interpretation of a seafood-inspired Italian trattoria, while Anchovy Social, the hotel’s rooftop bar, transports guests into an airy, nautical atmosphere with sweeping views of the city and Anacostia River.

“The new Thompson Washington D.C. is a perfect addition to our U.S. hotel portfolio. We are proud that we are now also represented in the capital with an exceptional property,” said Volker Noack, Member of the Management Board at Union Investment Real Estate GmbH. “Together with Geolo Capital and JW Capital Partners, we will ensure that the hotel will continue to be an important attraction in the trendy Navy Yard district in the long term.”

Founded in 2005, Geolo has built a multi-billion-dollar portfolio of premier projects, including ground-up developments, complex adaptive-reuse projects and historical restorations within the urban, boutique, resort, multi-family residential and traditional hospitality space. Future Geolo projects include a $300-million-dollar mixed-use project in Austin, Texas, that will feature both a Thompson hotel and multi-family residential. In addition to actively managing its diverse portfolio, Geolo is an engaged at-risk developer and financier via its structured finance vertical, having recently closed investments in the Kimpton Buckhead in Atlanta, and Alila Marea in Encinitas, Calif.

About Geolo Capital

San Francisco-based Geolo Capital is the private equity investment arm of the John Pritzker family, continuing a four-generation unmatched record of creating, investing in and building a diversified portfolio of consumer-focused companies. From its legacy involvement helping to grow Ticketmaster, Mandara Spa and Two Roads Hospitality, Geolo Capital’s mission is to cultivate enduring world-class brands in four core industries – real estate development, hospitality, investment and lifestyle. Geolo combines operational expertise, strategic vision and highly targeted capital to create long-term value for the companies in which it invests. For more information please visit www.geolo.com.

About Union Investment

Union Investment stands for forward-looking real estate investment worldwide. We provide private and institutional property investors with a comprehensive investment platform. Union Investment currently has assets under management totalling around EUR 40 billion in its open-ended retail real estate funds, specialised funds and service and pooling mandates. We invest in the office, retail, hotel, logistics and residential sectors and hold around 400 commercial properties across 23 countries in our actively managed portfolio.

About JW Capital Partners

JW Capital Partners is a Boston-based real estate investment group focused on acquiring and developing hospitality and multi-family assets in the Boston to Washington, D.C., corridor of the northeast United States. JW brings entitlement, construction, and operating expertise to this project, and offers direct ground-up construction experience in the D.C. market with numerous projects completed to date, including an 165-unit multifamily apartment building in Old Town Alexandria, The Bradley.

About Thompson Hotels

Founded in 2001, Thompson Hotels is an award-winning boutique lifestyle hospitality brand with a collection of stunning, dynamic properties. Each of Thompson Hotels’ urban and resort location offers a carefully layered environment that molds into its surrounding community. Evoking thought through in-the-know perspectives, guests are provided tailored stays with connections to world-class culinary offerings, arts and entertainment, and groundbreaking design. The Thompson portfolio of lifestyle hotels includes The Beekman and Gild Hall in New York City; Thompson Nashville; Thompson Seattle; Thompson Chicago; Thompson Toronto; The Cape in Los Cabos, Mexico; Thompson Playa del Carmen in Riviera Maya, Mexico; Thompson Zihuatanejo on Mexico’s Pacific Coast; and its newest property, Thompson Washington D.C. in the Capitol Riverfront neighborhood. Properties currently under development include Thompson Hollywood in California, Thompson Dallas, Thompson San Antonio, and Thompson Denver. Follow @ThompsonHotels on Facebook, Twitter, and Instagram for news and updates. For more information, please visit www.thompsonhotels.com.

STORY TAGS: Photo/Multimedia, Product/Service, United States, North America, California, District of Columbia, Men, Retail, Architecture, Family, Destinations, Travel, Consumer, Commercial Building & Real Estate, Luxury, Construction & Property, Vacation, Urban Planning, Women, Landscape,


White House Live Stream
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Sounds Make the News ®
Atlanta - WAOK-Urban
Berkley / San Francisco - KPFA-Progressive
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
Washington - WOL-Urban

Listen to United Natiosns News