JLL arranges $53M refi for The Morrow Hotel in DC

17/09/2025

JLL’s Hotels & Hospitality Group has arranged a $53 million refinancing for The Morrow Hotel, a 203-room upscale, lifestyle hotel located in Washington, DC.
JLL represented the borrower, a joint venture ownership between Trammell Crow Company and MetLife Investment Management, to secure a three-year, floating-rate loan through Peachtree Group.
The Morrow Hotel, which operates under Hilton’s Curio Collection brand, is located in the NoMa neighborhood. The property opened in November 2022 as part of an 810,000-sq.-ft. mixed-use development that includes 640 apartments, 60,000 sq. ft. of retail space and 350 below-grade parking spaces.
The hotel features 203 guestrooms and suites, including 136 king rooms, 59 double queen accommodations and eight suites averaging 426 sq. ft. Amenities include nearly 11,600 sq. ft. of meeting and event space anchored by a 2,400-sq.-ft. ballroom.
Additionally, the hotel’s culinary program has been elevated under the leadership of Chef Marcus Samuelsson. The Marcus Samuelsson Group now oversees all food and beverage operations at the property, which includes three dining venues: Marcus DC restaurant, Sly’s Rooftop Bar and Goodie, an 11th-floor speakeasy set to debut this winter.
The hotel is located near Union Market and the U.S. Capitol Building, and offers direct access to the NoMa-Gallaudet University Metro station.
“This transaction highlights Peachtree Group’s ability to deliver creative financing with speed and certainty for premier hospitality assets,” said Jared Schlosser, head, originations and CPACE, Peachtree Group. “The Morrow is exactly the type of institutional-quality property where our platform creates lasting value for our partners.”
The JLL Hotels and Hospitality team was led by Americas CEO Kevin Davis, Managing Director Mark Fisher, Director Connor Medzigian and Analyst Malia Buljat.
“The refinancing demonstrates continued institutional confidence in Washington, DC’s hospitality sector as the market benefits from its diverse economic base anchored by federal government presence, robust education sector and growing technology industry,” said Davis. “The Morrow exemplifies the types of hotels that are finding strong reception in today’s debt markets, particularly with best-in-class sponsorship like Trammell Crow Company and MetLife Investment Management behind it.”
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Source: hotelbusiness.com

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