T2 Hospitality Acquires Washington Marriott At Metro Center From Host Hotels & Resorts For $127.99M

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.