HOUSTON, TX (June 27, 2023) – Dauntless Capital Partners has purchased the 216-key Hilton Garden Inn Bethesda Downtown, it was announced today. The deal closed on June 8, 2023 in a purchase from Bethesda Hotel Associates, LLC, an affiliate of The Donohoe Companies, Inc.
“We are incredibly excited about the acquisition of the Hilton Garden Inn Bethesda, which we believe is a premier sub market within Washington, D.C. This investment, which is the final acquisition of Dauntless Capital Partners Fund I, L.P., builds upon the portfolio that we’ve constructed of high-quality select-service and extended stay assets,” notes Jordan Benudiz, Vice President, Dauntless Capital Partners. This hotel joins two others in the Washington, D.C. area within the Dauntless portfolio. Dauntless has selected the rapidly growing Twin Bridges Hospitality to asset manage for the hotel, its 16th in total.
Jillian Katcher, President, Twin Bridges Hopsitality noted, “We are thrilled to welcome the Hilton Garden Inn Bethesda to the Twin Bridges portfolio and leverage our expertise in this market to enable the hotel to thrive.”
The Hilton Garden Inn Bethesda Downtown is located one block from the Bethesda Metro Station providing easy access to downtown DC located 7 mi away, with close proximity to all that downtown Bethesda has to offer including many shops and restaurants. The property currently features the Garden Grille & Bar, a fitness center, and four meeting rooms with 1,662 square feet of event space. It is set to undergo an immediate renovation to include refreshed guest rooms and renovated public space, allowing for modern interiors and an upgraded lobby and dining options.
