Hilton has reflagged Washington's Loews Madison Hotel, which is Hilton's third in the nation's capital.

Boasting 27 suites and more than 12,000 square feet of meetings space, the hotel will be renamed the Madison Washington, D.C. The property opened in 1963, and its opening was attended by President John F. Kennedy.

The property will be Hilton's third in the city after the Washington Hilton and the Capital Hilton, which Hilton founder Conrad Hilton acquired in 1954.

Loews Hotels & Resorts, which acquired the 356-room hotel in 2013, sold the property to Chicago-based Walton Street Capital, according to the Washington Business Journal.

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