T2 Hospitality Acquires Washington Marriott At Metro Center From Host Hotels & Resorts For $127.99M
T2 Hospitality Acquires Washington Marriott At Metro Center From Host Hotels & Resorts For $127.99M
775 12th Street Northwest
See Similar DealsSummary
The property involved in this transaction is a hotel located at 775 12th Street Northwest in Washington, DC. The hotel has been sold for $127,990,000 and consists of 454 rooms, with a price per key of $281,916. Additionally, the property includes 13,000 square feet of event space.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $127,990,000
- Buyer: T2 Hospitality
- Seller: Host Hotels & Resorts
- Lender: Host Holdings Business Trust
- Keys: 454
- PPK: $281,916
In this deal, T2 Hospitality is the buyer, while Host Hotels & Resorts is the seller. Host Holdings Business Trust provided financing for the acquisition, amounting to $113.75 million. The transaction represents a significant investment in the Washington, DC hotel market.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.