Fortress Provides $57.6M Acquisition Loan For Bethesda Hotel

The property involved in this transaction is a hotel located at 8120 Wisconsin Avenue in Bethesda, Maryland. The hotel has a total of 270 keys and is owned by Building and Land Technology and Green Hollow Capital Partners.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $57,600,000
• Address: 8120 Wisconsin Avenue, Bethesda, MD
• Market: Bethesda, MD
• Lender: Fortress
• Seller: Angelo Gordon & The Bernstein Companies
• Loan Type: Acquisition Loan

The loan for this transaction was provided by Fortress. The seller of the hotel property was Angelo Gordon & The Bernstein Companies. The acquisition loan amount was $57,600,000.

The brokers involved in the sale were Adam Etra, Lawrence Wolfe, Mark Schoenholtz, and Miles Spencer from Newmark. The brokers representing the lenders and landlords were Dustin Stolly, Jordan Roeschlaub, Nick Scribani, Chris Kramer, Dan Morin, and Jason Kennedy from Newmark.