Georgetown hotel to receive complete makeover
December 9, 2011 by Mark
Mast Capital, a private equity firm based in Florida that deals with real estate, has recently purchased the Hotel Monticello in Washington, D.C.’s Georgetown neighborhood with plans to completely renovate and remodel it into a luxury 58-room hotel with a fitness center, rooftop lounge and the latest in-room technology. According to Mast Capital CEO, Camilo Miguel, Jr., the plan is to have the renovations completed by the end of 2012 in time for the next presidential inauguration. Printing services are being used to print new brochures about the hotel in order to attract visitors to stay there when coming to see the inauguration ceremonies rather than at the nearby Ritz-Carlton and Four Seasons Hotels.
The hotel will operate as part of the Independent Collection of Hersha Hospitality Management which specializes in running attention-grabbing hotels in the most popular tourist locations across the country. According to Naveen Kakarla, Hersha Hospitality management CEO, one eighth of the hotels that Hersha runs are in in the Independent Collection.
Kakarla added that the hotel has a prime location in Georgetown and originally operated as a manor making it more interesting building to renovate into a hotel. The rooms will be larger than typical hotel rooms and include a living room as well as a bedroom. Kakarla expects that the large room size combined with the hotel’s overall small size will be particularly appealing to female business travelers.
Changes to the hotel are also planned to be mostly cosmetic in nature with a refurbished lobby and other public areas. Other changes planned include upgraded televisions through which guests may be able to surf the Internet; an upgraded service for coffee and tea with a bar in the basement as well as one of the rooftop with panoramic views; and a fitness center in the basement of the hotel.