**IHG Hotel on DC’s The Wharf Secures $99M Refinancing**
Newmark has arranged a $99 million loan on behalf of CarrAmerica to refinance the InterContinental Washington, D.C. – The Wharf, a luxury hotel located at the heart of The Wharf development in Washington, D.C.
The loan was secured through Morgan Stanley by Newmark’s Capital Markets team, which included Jordan Roeschlaub, Co-President of Global Debt & Structured Finance; Vice Chairman Nick Scribani; Managing Director Tyler Dumon; and Associate Tate Keir.
Centrally positioned within The Wharf — one of D.C.’s most prominent mixed-use neighborhoods — the InterContinental features an array of amenities including high-end restaurants, a full-service spa, a rooftop pool, a state-of-the-art fitness center, and more than 17,000 square feet of flexible meeting and event space. The surrounding area includes office space, multifamily residences, retail, dining, and entertainment.
The property is part of IHG Hotels & Resorts and enjoys the advantages of a premier waterfront setting, institutional ownership, and a long-term strategic location within a dynamic urban development. CarrAmerica serves as the managing member of a joint venture with Wharf District Joint Venture, the ownership entity of the Wharf portfolio operated by District Wharf Properties LLC.
