FUND INVESTMENT OBJECTIVE

subota, 05.11.2011.

HOTEL INVESTMENT GROUPS - INVESTMENT GROUPS


HOTEL INVESTMENT GROUPS - INVESTING IN COMMUNITY - CALPERS CHIEF INVESTMENT OFFICER.



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Classic Hotel




Classic Hotel





The Willard Hotel was originally built in the mid 19th Century. Abraham Lincoln's inaugural ball was held here. Mark Twain used to stroll up and down the long hallway that traversed the length of the hotel from Pennsylvania Avenue to F Street. This building dates from the late 19th Century, so it's not quite the one in which Lincoln held his festivities.

The Willard was one of Washington's finest hotels until it declined gradually after World War II. The riots of 1968 almost put an end to the place, as all of downtown Washington declined afterwards. The Willard almost faced demolition, a fate that befell the equally historic Beaux Arts Raleigh Hotel two blocks east. But interest in reviving downtown Washington began to take root in the early 1980s, so a property investment group bought the derelict Willard and spent millions to renovate the old structure. The Inter-Continental group assumed management of the hotle, turning the Willard once again into one of Washington's best hotels.
DC061218-42085-WillardInterContinental











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05.11.2011. u 18:30 • 0 KomentaraPrint#

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FUND INVESTMENT OBJECTIVE

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