Artemis Real Estate Partners has purchased the 168-room Hyatt Place hotel at 2121 M St. NW.
The hotel, whose full name is Hyatt Place Washington D.C./Georgetown/West End, sold for $44.3 million, according to deed records, though the actual sale price is likely higher. Hotel sales are often recorded at a lower than actual sale price to reflect intangibles such as the property’s internal assets and reputation.
An LLC affiliated with Artemis bought the property from Renaissance Centro, the hotel's…
