Geolo Capital, the private equity investment arm of the John Pritzker family office, today announced that on Friday, January 17 it closed on the sale of the new Thompson Washington D.C. hotel to Hamburg, Germany-based Union Investment for $120 million. Developed over three years in partnership with Boston-based JW Capital Partners, the 225-room Thompson Washington D.C. opened on January 8, 2020, in the hip and historic Navy Yard, a vibrant destination for nightlife, dining and shopping in the heart of Washington D.C.'s bustling Capitol Riverfront neighborhood. The sale to Union Investment marks the realization of a complex transaction that was arranged more than two years in advance of the hotel's completion. Bank OZK provided construction financing to JW Capital Partners and Geolo, which managed the hotel's architecture and interior design by Studios Architecture and Parts and Labor Design NYC. John Moriarty & Associates of Virginia provided preconstruction and general contracting services for the project. Following the sale, the Geolo and JW Capital Partners joint venture will remain a long-term tenant, leasing the property back from Union Investment and overseeing management of the asset, which will continue to be operated as a Thompson Hotel.