Sak Developers Acquires 154-Room Hampton Inn & Suites In Oxon Hill For $47M

An 11-story hotel in Maryland’s National Harbor area has been sold for $47 million, with Sak Developers purchasing the 154-room Hampton Inn & Suites from seller Bre SSP Property Owner, a limited liability company tied to Blackstone. The hotel is located at 250 Waterfront Street in Oxon Hill, MD.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $47,000,000
• Address: 250 Waterfront Street, Oxon Hill, MD
• Market: Oxon Hill, MD
• Keys: 154
• Price Per Key: $305,195
• Buyer: Sak Developers
• Seller: Bre SSP Property Owner
• Brokers: Ketan Patel, Philip White & Vasilis Halakos - JLL

Sak Developers acquired the hotel, taking over ownership from the property owner Bre SSP Property Owner. The sale was facilitated by the brokers Ketan Patel, Philip White, and Vasilis Halakos from JLL, representing the respective parties in the transaction.