Linchris Capital Opportunity Fund II, LP (including its affiliate, the “Fund”), which is managed by an affiliate of Linchris Hotel Corp., announced the acquisition of Hotel Silver Spring, formerly Sheraton Silver Spring Hotel. Hotel Silver Spring is located in the center of the Arts District in Downtown Silver Spring within walking distance to shops and restaurants. The AFI Silver Theater & Cultural Center and Live Nation’s Fillmore Silver Spring concert venue headline the list of local attractions in the neighborhood. Hotel features include the Mica Restaurant & Lounge offering breakfast, lunch, and dinner, a full-service Starbucks, and 15,000 square feet of meeting space.
The hotel is a short walk to the Silver Spring Metro Station, which provides easy access to Downtown Washington, D.C. and the major government campuses of Walter Reed Medical Center, FDA, NOAA, NIH and the US Department of Defense in only 15 minutes. Hotel Silver Spring, formerly Sheraton Silver Spring, will undergo improvements of approximately $7.8 in areas to enhance guest satisfaction and optimize room revenue and will be converted to a DoubleTree by Hilton branded hotel. The property will be managed by Linchris Hotel Corp., which will implement its management and hotel operating procedures to exceed guest expectations and maintain the property in top physical condition.