Columbia Sussex Corp Acquires Hotel In Arlington From Rockpoint Group & Highgate Holdings For $92.7M

The asset involved in this transaction is a hotel located at 801 North Glebe Road, Arlington, VA. The property consists of 338 keys and was sold for a total price of $92,700,000, equating to $274,260 per room.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $92,700,000
• Keys: 338
• Price per Key: $274,260
• Buyer: Columbia Sussex Corp.
• Seller: Tom Gilbane - Rockpoint Group & Highgate Holdings

This transaction involved Columbia Sussex Corp. acquiring the property from a joint venture between Rockpoint Group and Highgate Holdings, signifying a significant deal in the Arlington market.