Friedman Capital has acquired the 153-room Capitol Hill Hotel in Washington, DC for $60 million, marking one of the latest US hotel transactions in 2025 and adding to momentum in the city’s hospitality investment market.
The buyer is an affiliate of DC-based Friedman Capital. The seller is TPG Real Estate Partners (TREP), which purchased the property in 2021.
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Multiple trade publications place the consideration at $60 million and identify the asset as the Capitol Hill Hotel at 200 C Street SE.
Asset profile and location
Capitol Hill Hotel comprises 153 keys across two buildings dating to the mid-20th century, positioned a short walk from the US Capitol complex—a location often highlighted as the closest hotel to Congress.
District records and local reporting indicate the property’s 2026 assessed value is about $41.7 million, underscoring that the sale price reflects a premium to assessment, while still below replacement cost for a comparable Capitol Hill site.
Pricing context and recent ownership history
TPG acquired the hotel from Hersha Hospitality Trust in 2021 for $37.7 million, according to prior transaction reporting, implying a nominal gain at this year’s $60 million exit before costs.
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By GlobalDataIndustry coverage pegs the deal at roughly $392,000 per key, a level consistent with recent trades for well-located, upper-midscale assets in core US political and business districts.
Market context and outlook
Washington, DC’s hotel investment market has seen renewed activity in 2025 as investors target assets with reliable government, policy and event-driven demand.
The Capitol Hill Hotel sale follows other high-profile DC hospitality headlines and indicates continuing buyer interest in properties near federal institutions.
Market participants will watch whether the new owner pursues upgrades or repositioning to lift average daily rate and group mix as legislative calendars and event schedules drive near-term demand.
