Washington D.C., September 23, 2025
News Summary
Eurostars Hotels Co., based in Barcelona, has acquired the St. Gregory Hotel in Washington D.C. for $29.5 million. The hotel features 156 rooms and an on-site restaurant, Ellington Park Bistro. This acquisition, financed with a $30.5 million loan, marks Eurostars’ third hotel purchase this year and signifies their aggressive expansion strategy. The St. Gregory Hotel’s previous owner was an affiliate of HHM Hotels, which had purchased it for $57 million in the past. The Washington D.C. hospitality market remains dynamic with various ongoing developments.
Washington D.C. – The St. Gregory hotel, located at 2033 M St. NW, has been acquired by Barcelona-based Eurostars Hotels Co. for a sale price of $29.5 million. This transaction, however, may not fully account for the total value, as it does not include fixtures and furnishings associated with the hotel. The property consists of 156 rooms and includes the on-site restaurant, Ellington Park Bistro.
The acquisition was financed with a loan of $30.5 million from The Compañía Española de Financiación del Desarrollo. Prior to this sale, the St. Gregory hotel was owned by an affiliate of Philadelphia-based HHM Hotels. Hersha Hospitality Trust had previously purchased the hotel in 2015 for $57 million before going private in 2023.
The hotel is strategically situated across from a now-vacant building at 2100 M St. NW, which was originally slated for conversion into office space but was returned to the lender after a foreclosure auction.
This transaction marks Eurostars Hotels’ third acquisition this year, following purchases in Boston and Miami Beach, indicating the company’s aggressive expansion strategy. The hospitality market has been active, with various developments and incidents occurring in Washington, D.C.
In related real estate news, the Capitol Crossing mixed-use development in D.C. has secured 30,000 square feet of new leases. Notably, lobbying firm Lewis-Burke Associates signed a lease for 21,000 square feet, and Strategic Marketing Innovations has expanded its lease by an additional 10,000 square feet, totaling 23,000 square feet in the same development.
Capitol Crossing Advisors, which owns the development aimed to total 2.2 million square feet, has paused its next phase of development due to low demand for new office or retail space. This situation reflects the ongoing challenges in the commercial real estate sector.
On a broader scale, Singapore-based Mapletree recently sold a six-warehouse portfolio in Upper Marlboro to Pennsylvania-based Equus Capital Partners for $102.6 million. The portfolio encompasses more than 500,000 square feet.
Additionally, Tourbineau Real Estate Partners acquired a 96,000 square foot vacant office building in Downtown Silver Spring for $4.3 million, with plans to convert it into self-storage.
In further residential developments, True Ground Housing Partners has begun construction on a 423-unit affordable apartment building named The Sweeney in Crystal City, expected to be completed by early 2028. Comstock also recently opened a new 247-room J.W. Marriott in Reston Town Center, the first of its kind in Virginia. The new hotel features three dining options and 40,000 square feet of meeting and event space.
Moreover, the owner of a 272,000 square foot office building located at 810 7th St. NW is investing $40 million into a repositioning project. This property has been under the management of IGIS Asset Management for over a decade. Meanwhile, the Morrow Hotel in NoMa has secured a $53 million refinancing deal to recapitalize since its opening under Hilton’s Curio Collection brand in November 2022.
Overall, the real estate landscape in Washington D.C. continues to evolve, with new investments, acquisitions, and challenges shaping the market moving forward.
Frequently Asked Questions
Who acquired the St. Gregory Hotel?
The St. Gregory hotel was acquired by Barcelona-based Eurostars Hotels Co.
What was the sale price of the St. Gregory Hotel?
The sale price recorded was $29.5 million.
How many rooms does the St. Gregory Hotel have?
The hotel features 156 rooms.
Who was the previous owner of the St. Gregory Hotel?
The previous owner was an affiliate of Philadelphia-based HHM Hotels.
When was the St. Gregory Hotel purchased by Hersha Hospitality Trust?
Hersha Hospitality Trust had purchased the St. Gregory hotel in 2015 for $57 million.
What other acquisitions has Eurostars Hotels made this year?
Eurostars Hotels has made this acquisition its third hotel purchase this year, following acquisitions in Boston and Miami Beach.
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Key Features of St. Gregory Hotel Acquisition
| Feature | Details |
|---|---|
| Acquirer | Eurostars Hotels Co. |
| Location | 2033 M St. NW, Washington D.C. |
| Sale Price | $29.5 million |
| Rooms | 156 |
| Restaurant | Ellington Park Bistro |
| Loan Amount | $30.5 million |
| Previous Owner | HHM Hotels |
Deeper Dive: News & Info About This Topic
HERE Resources
Additional Resources
- Georgetowner: A Winter Holiday Hotel – The St. Gregory
- Wikipedia: St. Gregory Hotel
- Washingtonian: DC Hotel Packages for Cherry Blossom Season
- Google Search: Washington DC hotel packages
- Street Insider: Future of Money Governance & The Law Registration
- Google Scholar: Future of Money Governance
- Eater DC: Chic French Restaurant Ellington Park Bistro Opens
- Encyclopedia Britannica: Washington DC restaurants
- KidFriendly DC: Five Things – May 21, 2025
- Google News: KidFriendly DC
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PHILADELPHIA STAFF WRITER The PHILADELPHIA STAFF WRITER represents the experienced team at HEREPhiladelphia.com, your go-to source for actionable local news and information in Philadelphia, Philadelphia County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Mummers Parade, Philadelphia Flower Show, and Thanksgiving Day Parade. Our coverage extends to key organizations like the Greater Philadelphia Chamber of Commerce and United Way of Greater Philadelphia, plus leading businesses in telecommunications, food services, and healthcare that power the local economy such as Comcast, Aramark, and Children's Hospital of Philadelphia. As part of the broader HERE network, we provide comprehensive, credible insights into Pennsylvania's dynamic landscape.
