Berkadia Hotels & Hospitality has been exclusively retained to offer for sale the leasehold interest in the 124-key 2500 Penn, a Placemakr Experience (the “Hotel,” “Asset,” “Property,” “2500 Penn”). 2500 Penn is a ten-story, apartment-style hotel with an expansive rooms product (320 – 739 square feet) that includes full kitchens/kitchenettes, separate living areas, and distinct workspaces. The offering is being presented unencumbered by management and brand, allowing a new owner to reposition the Property to a boutique/independent hotel or an industry-leading brand or soft-brand, along with their associated reservations and rewards program. Furthermore, with an unrivaled location just two blocks from Georgetown and the ability to expand the existing key count, potentially adding 78 keys or more, the ‘blank slate’ opportunity is anticipated to garner significant interest from the full spectrum of flags and command a robust demand profile.

Positioned in one of Washington, D.C.’s most exclusive and high-end neighborhoods – West End – the Asset is centered within a diversified submarket that includes over 59 million square feet of office space, with immediate access to Georgetown (13.2 million annual visitors), Dupont Circle, the Walter E. Washington Convention Center (114 events in 2025), George Washington and Georgetown Universities, the Kennedy Center for the Performing Arts, Golden Triangle BID (75,000 daily visitors), and K Street corporate hub, among other corporate, leisure, and SMERF demand channels. The highly coveted submarket is also nearly fully developed, creating extreme barriers-to-entry and providing a scarce opportunity to acquire an institutional-quality asset in one of the most sought-after locations in Washington, D.C.

Following a renovation/re-branding, the Hotel would be well-positioned among a high-quality competitive set that includes premium hotels such as the AC Hotel Washington D.C. Downtown (2019 vintage), Hilton Garden Inn Washington D.C./Georgetown Area (2014 vintage), Hyatt Place Washington D.C./Georgetown (2016 vintage), and the Residence Inn Washington, D.C./Foggy Bottom (1973 vintage; 2023 renovated). This group of hotels has demonstrated the consistent ability to generate robust top-line performance, most recently generating a $176 RevPAR as of the TTM May 2026 period. The subject Hotel is expected to achieve exceptional performance at stabilization. Additional institutional-quality assets located in the immediate submarket include the Four Seasons Georgetown (two blocks away), Westin Georgetown, Park Hyatt, Marriott Georgetown, and the Ritz-Carlton.

When paired with minimal incoming supply, continued economic tailwinds from recovering Washington, D.C. fundamentals, and a +$4.9 billion development pipeline in the area, the offering represents a rare investment opportunity to reposition an irreplaceable urban core asset in a nationally recognized top 25 U.S. lodging market.