The Madison Washington, D.C.

The Madison Washington DC, a Hilton Hotel is a luxury hotel located in Washington, D.C.. Built as The Madison in 1963, it has been managed by Hilton Hotels & Resorts since 2017.

The Madison Washington DC, a Hilton Hotel
The Madison, 2008, with the Madison Office Building on the right
General information
LocationWashington, D.C.
Address1177 Fifteenth St. NW
Coordinates38°54′19″N 77°2′2″W
Opening1963
ManagementHilton Hotels & Resorts
Other information
Number of rooms356
Number of suites9
Website
The Madison Washington DC

History

The Madison was constructed by developer Marshall Coyne,[1] along with the adjoining 100,000 sq ft, Madison Office Building.[2] The hotel was opened in February 1963,[3] by President John F. Kennedy.[4] The hotel has hosted every President of the United States since then.[5] When opened, it was Washington's first modern luxury hotel, with rooms renting at the then-unheard-of rate of $27 a night. In 1978, Coyne opened The Dolley Madison Hotel across M Street from the main hotel. The 42-room Dolley Madison operated as an ultra-luxury adjunct to The Madison until 1988, when Coyne sold it and it was demolished for construction of an office building.[6]

Loews Hotels assumed management of the hotel in April 2006, and it was renamed The Madison, A Loews Hotel.[7] The hotel and its adjoining office building were sold to The Jamestown Group in January 2011 for $123 million and Destination Hotels & Resorts assumed management from Loews,[8] returning the hotel to its original name.[9] The group renovated the property in 2012, as a cost of $22 million.[10] Loews Corp approached The Jamestown Group and offered to buy the hotel, and the sale was completed for approximately $145 million in December 2012,[11] with Jamestown retaining the office building.[12] The hotel rejoined the Loews chain in January 2013, becoming the Loews Madison Hotel. Jamestown sold the adjoining office building to Saudi investment bank Sidra Capital for $35 million in 2016.[13]

In September 2017, Loews sold the hotel to Walton Street Capital for $72.5 million. The actual sales price, the Washington Business Journal reported, was likely much higher, since the sale of the building did not include the price of intangible assets. Walton Street Capital retained Hilton Hotels & Resorts to manage the hotel, which was rebranded as The Madison Washington DC, a Hilton Hotel.[14]

Rating

The AAA gave the hotel four diamonds out of five in 2012. The hotel has maintained that rating every year, and received four diamonds again for 2016.[15] Forbes Travel Guide (formerly known as Mobil Guide) declined to give the hotel five stars in 2016, nor did the hotel make its "recommended" list.[16]

References
  1. https://www.washingtonpost.com/archive/local/2000/03/17/marshall-coyne-dies-at-age-89/a38cb395-aa78-400d-89ea-c36c8353c82c/
  2. https://www.loopnet.com/Listing/1155-15th-St-NW-Washington-DC/3991006/
  3. https://eversco.com/the-iconic-madison/
  4. De Lollis, Barbara (June 13, 2012). "Washington D.C.'s Madison hotel gets stylish new look". USA Today.
  5. http://www.expedia.com/Washington-Hotels-Loews-Madison-Hotel.h18335.Hotel-Information
  6. https://www.washingtonpost.com/archive/business/1988/05/27/dolley-madison-hotel-will-be-sold-torn-down/efacc16e-7b08-4d30-9da2-4ca653a6e178/
  7. https://www.fivestaralliance.com/articles/loews-hotels-assumes-management-the-madison-hotel-in-washington
  8. https://www.washingtonpost.com/local/madison-hotel-protests-end/2011/03/31/AFIzaoBC_story.html
  9. https://www.bizjournals.com/washington/news/2012/12/03/loews-buys-dcs-madison-hotel.html
  10. De Lollis, Barbara (June 14, 2012). "Washington D.C.'s Madison hotel gets stylish new look". USA Today. Retrieved July 19, 2012.
  11. "Loews to Buy Washington's Madison Hotel in Expansion Plan". Bloomberg.
  12. https://www.washingtonpost.com/business/capitalbusiness/madison-hotel-is-sold-again/2012/12/07/77530976-3b32-11e2-8a97-363b0f9a0ab3_story.html
  13. https://www.bisnow.com/washington-dc/news/capital-markets/madison-office-building-sold-to-saudi-investor-60966
  14. Neibauer, Michael (September 22, 2017). "Loews Madison Hotel acquired, flips flags". Washington Business Journal. Retrieved September 25, 2017.
  15. American Automobile Association (January 15, 2016). AAA/CAA Four Diamond Hotels (PDF) (Report). p. 1. Archived from the original (PDF) on January 28, 2016. Retrieved May 3, 2016.
  16. "Forbes Travel Guide 2016 Star Award Winners". Forbes Travel Guide. February 2016. Retrieved May 3, 2016.
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