The transaction involved the acquisition of a hotel asset located at 899 O Street Northwest in Washington, DC. The property, known as Cambria Hotel Washington, D.C. Convention Center, has a total of 182 rooms and was financed through a loan amounting to $42,300,000.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $42,300,000
• Market: Washington, DC
• Borrower: Frontier Development & Hospitality Group
• Broker: Cronheim Hotel Capital
• Loan Type: Acquisition
• Property Keys: 182

Cronheim Hotel Capital was instrumental in arranging the acquisition loan for the property. The landlord, Frontier Development & Hospitality Group, has plans to renovate and rebrand the hotel under the Hyatt House brand following the completion of the transaction.