[4] When opened, it was Washington's first modern luxury hotel, with rooms renting at the then-unheard-of rate of $27 a night.

Jamestown sold the adjoining office building to Saudi investment bank Sidra Capital for $35 million in 2016.

[12] In September 2017, Loews sold the hotel to Walton Street Capital for $72.5 million.

[13] Walton Street Capital sold the hotel to AllianceBernstein in October 2020 for $65.3 million.

[15] The following day, on April 1, 2022, the hotel's sale to Fort Worth-based Crescent Real Estate for $61.2 million was announced.