Chicago-based real estate company Oxford Capital Group has announced a long-term lease for the Thompson Washington, D.C. hotel with its owner Germany’s Union Investment.

The property will now be managed by Oxford Hotels & Resorts, a wholly-owned affiliate of Oxford Capital Group.

This agreement has added the 225-room hotel to Oxford's portfolio of luxury lifestyle hotels in the US.

The portfolio includes Godfrey Hotels in Chicago, Boston, Tampa, Hollywood and Detroit; Thompson Chicago; Le Méridien Essex Chicago; LondonHouse Hotel Chicago; the Versey; The Julian as well as The Porter Hotel Portland.

Oxford Capital Group and Oxford Hotels & Resorts founder, chairman and CEO John W. Rutledge said: "The Thompson Washington D.C. has an excellent location, is thoughtfully programmed and has distinctive architecture and interior design. It is an exciting addition to our portfolio of luxury lifestyle hotels."

Thompson Washington D.C. is located in the waterfront Navy Yard neighbourhood of Washington, D.C. It lies a short distance from Anacostia Riverwalk Trail and The Yards Park.

The 11-storey hotel, which opened in 2020, was developed to serve as the social anchor of a 42-acre mixed-used project, called The Yards.

This hotel boasts 17 suites with floor-to-ceiling windows that offer views of the Anacostia River and Nationals Park.

Its two Thompson Suites with outdoor terraces offer views of the Washington Navy Yard.

The hotel’s Surveyor is a signature American-inspired restaurant, while its rooftop bar, called The Rooftop At The Thompson, serves cocktails and bites.

It also features an indoor and outdoor event and meeting space spanning 7,000ft².

Oxford Capital Group chief development officer Brad Mulvihill said: "We are confident that Oxford's comprehensive management approach will allow this beautiful property to achieve its full potential."