Washington, D.C. – September 16, 2021 — Friedman Capital — a D.C.-based, family-run private equity investment firm with fully integrated residential, commercial and hospitality divisions — today announced the acquisition of The Graham Hotel located within Georgetown’s Historic District. Friedman Capital and its hospitality management arm the Anasazi Group will serve as the hotel’s owner, operator and manager, and will be enhancing its all-around guest experience with luxury amenities and capital improvements to deliver on the property’s full potential. In a savvy market deal, in part due to pandemic market effects, Friedman Capital has purchased the hotel at the same price it was originally sold for in 2016.
“On the heels of Friedman Capital’s successes with Georgetown’s Glover Park Hotel and the newly renovated Rosewood Inn of the Anasazi, The Graham continues the trend of providing the highest standard of luxury that our guests have come to expect. Our vertically-integrated management and operations of The Graham will enable us to make incredible improvements and enhancements, allowing this unpolished gem to finally shine,” said Brian Friedman, founder of Foxhall Partners, the SPAC company BOA, and the Friedman Capital family office.
The Graham Hotel is located in Georgetown’s historic residential neighborhood and offers 57 spacious and chic guest rooms and suites, some of which feature private decks and terraces. The timeless elegance and subdued sophistication of the hotel make it an ideal stay for both business and leisure travel, offering close proximity to downtown D.C. as well as the vibrant and thriving Georgetown neighborhood.
Friedman Capital plans to enhance the experience of guests by curating upscale art installations from its modern art collections and through collaborations with local D.C. galleries such as DTR Modern Galleries. Each detail, from updated furnishing and interior design throughout the lobby and rooms to branded soaps, bespoke linens and designer robes, will be meticulously thought through and implemented with style. Additionally, dining at the hotel will be significantly expanded from seven to 21 meals per week with new chefs creating custom menus and pairings. The hotel will also hold high tea on the weekend, a unique experience that Brian Friedman wants to bring to D.C. after visiting London with his family. Guests will receive an ultra-luxury experience, competing with and exceeding other high-end hotel brands in the area.
The Graham is the newest addition to Friedman Capital’s portfolio of historic properties, including the Rosewood Inn of the Anasazi in Santa Fe, New Mexico, Glover Park Hotel and The Watergate in Washington, D.C., as well as historic properties in Charleston, South Carolina. Friedman Capital also has affiliations with other historic properties in Los Angeles and San Francisco, as well as connections to Liberty Station in San Diego. In line with Friedman Capital’s strategy of maintaining all of its own properties, the hotel will be managed by the Anasazi Group, part of Friedman Capital’s vertically-integrated structure. Friedman Capital’s robust management will ensure that the improvements to the hotel are executed efficiently, cohesively and with one vision.
“As a local firm, we’re confident we offer a high-touch experience that national brands would not be able to provide. The familiarity that Friedman Capital has with the needs of a boutique hotel in Washington, D.C. is an invaluable advantage,” stated Friedman.
For more information on The Graham Hotel in Georgetown, visit https://www.thegrahamgeorgetown.com/.
