CHM was retained in February 2008 by an international hotel investment company in tandem with their purchase of the Renaissance M Street Hotel in Washington, D.C. While this company’s portfolio included several hotels, the Renaissance M Street Hotel represented only the second hotel purchased in the U.S., marking the early stages of the company’s international expansion plans. Based in Europe, the client was seeking a U.S.-based firm to protect their investment interests and asset manage the Renaissance M Street Hotel. This trendy 355-room hotel occupies a prime location in the downtown Dupont Circle area of Washington, D.C. The property underwent a $25.2 million renovation and conversion from a Wyndham to the Renaissance brand in May 2007. At the onset of this engagement, CHM will undertake a strategic and operational assessment of the newly re-branded hotel, as well as work collaboratively with the management team to develop an owner-approved operating budget. Additionally, CHM will implement an ongoing process of performance monitoring and facility review to ensure performance targets are achieved and investment objectives are met. Hotel facilities include approximately 12,000 square feet of meeting and banquet space, health club, Illy coffee house and M Bar, an eclectic restaurant and lounge.