PCCP LLC Acquires Embassy Suites Hotel In Washington DC For $12.25M From Arden Group

The asset involved in this transaction is the Embassy Suites by Hilton located at 4300 Military Road Northwest, within the Washington, DC market. The property was sold for $12,250,000 during a foreclosure auction.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $12,250,000
• Buyer: PCCP LLC
• Seller: Affiliate of Arden Group
• Sale Date: 03/27/2025
• Loan Amount: $44.9 million

PCCP LLC acquired the property from an affiliate of Arden Group, who defaulted on a significant loan, leading to this foreclosure auction. This transaction reflects a strategic acquisition following the owner's financial difficulties.